Citigroup Maintains Neutral on General Mills, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Palmer maintains a Neutral rating on General Mills (NYSE:GIS) but raises the price target from $68 to $76.
September 16, 2024 | 5:51 pm
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Citigroup analyst Thomas Palmer maintains a Neutral rating on General Mills but raises the price target from $68 to $76, indicating a positive outlook on the stock's potential.
The increase in the price target from $68 to $76 suggests that Citigroup sees potential upside in General Mills' stock, which could lead to a positive short-term impact on the stock price. However, the Neutral rating indicates that the analyst does not see a strong enough reason to recommend buying the stock, which tempers the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100