Citigroup Initiates Coverage On General Mills with Neutral Rating, Announces Price Target of $67
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Palmer initiates coverage on General Mills (NYSE:GIS) with a Neutral rating and a price target of $67.

February 01, 2024 | 11:26 am
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NEUTRAL IMPACT
Citigroup has initiated coverage on General Mills with a Neutral rating and set a price target of $67.
The initiation of coverage by Citigroup with a Neutral rating and a specific price target provides investors with a new professional analysis to consider. However, a Neutral rating suggests that Citigroup does not see significant upside or downside in the near term, which is why the score is neutral. The relevance is high as the coverage directly pertains to General Mills. The importance is marked at 75, considering that analyst ratings can influence market perception and investor decisions. The confidence level is high due to the clear and direct impact of analyst coverage on a company's stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90