Morgan Stanley Maintains Underweight on General Mills, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Pamela Kaufman has maintained an Underweight rating on General Mills (NYSE:GIS) but raised the price target from $58 to $61.
March 21, 2024 | 4:19 pm
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Morgan Stanley maintains an Underweight rating on General Mills but increases the price target from $58 to $61.
The adjustment in price target by a major analyst like Morgan Stanley can influence investor sentiment. However, the Underweight rating suggests skepticism about the stock's performance potential, which might counterbalance the positive impact of a higher price target. Therefore, the short-term impact on GIS's stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90