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Fly News Breaks for May 24, 2016
GIS
May 24, 2016 | 05:35 EDT
Goldman Sachs analyst Jason English downgraded General Mills to Sell citing "mounting business challenges" as well as risk of "likely expensive" acquisitions. General Mills and peers are more likely to acquire growth than be bought in the foreseeable future, English tells investors in a research note. He expects consensus estimates to decline on either disappointing data or weaker than expected results. The analyst lowered his price target for General Mills to $58 from $59. The branded consumer foods manufacturer closed yesterday up 25c to $62.70.
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