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GIS

General Mills

$57.10

-1.73 (-2.94%)

13:40
06/18/17
06/18
13:40
06/18/17
13:40

General Mills could return 20% amid potential turnaround, Barron's says

General Mills "might fit the bill" for income-seeking investors looking to make a contrarian play against high-growth tech stocks, Barron's contends in a 'Trader Extra' column. The food maker could turn itself around with "relatively straightforward fixes," potentially offering 20% returns over the next 18-24 months, Barron's says. Reference Link

  • 28

    Jun

  • 12

    Jul

GIS General Mills
$57.10

-1.73 (-2.94%)

03/22/17
03/22/17
DOWNGRADE
Target $60

Hold
General Mills downgraded to Hold on sales and margin concerns at Stifel
As previously reported, Stifel downgraded General Mills to Hold from Buy and lowered its price target to $60 from $67. Analyst Christopher Growe has increased concerns regarding sales improvement at the company and the related margin improvement outlook. The analyst said management backed off its 20% margin target at its recent CAGNY conference presentation, at least not reiterating the target, likely due to the negative impact from volume deleveraging and increased levels of investment. Growe adds, yogurt trends have been very weak and will likely require more investment and new product innovation that will continue to challenge the margin outlook and the necessary improvement in sales and earnings growth to support a materially higher valuation will take time to develop.
03/22/17
03/22/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley analyst Rajeev Lalwani downgraded American Airlines (AAL) to Equal Weight from Overweight, calling it one of the most leveraged cyclical names in the airlines group, with weak margins, a high debt profile, and facing pricing pressures from rising capacity in key markets. 2. Cowen analyst Gautam Khanna downgraded TransDigm (TDG) to Market Perform from Outperform. The analyst cited the outside prospect of a Department of Defense inquiry, the potential elimination of the interest deductibility for tax purposes, high financial leverage, and headline risks. 3. KeyBanc analyst Todd Thomas downgraded L Brands (LB) to Underweight from Sector Weight with a $40 price target to reflect both high C-mall exposure and emerging headwinds in its Victoria Secret and Bath and Body Works brands. 4. Citi analyst Kate McShane downgraded Kate Spade (KATE) to Neutral, saying the potential takeout premium priced into the shares has created a more balanced risk/return setup. The analyst raised her price target for the shares to $24 from $18. 5. Stifel downgraded General Mills (GIS) to Hold from Buy and lowered its price target to $60 from $67, as analyst Christopher Growe voiced increased concerns regarding sales improvement at the company and the related margin improvement outlook. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/04/17
WELS
05/04/17
NO CHANGE
WELS
Market Perform
General Mills incoming CEO a 'logical' candidate, says Wells Fargo
Wells Fargo analyst John Baumgartner views incoming General Mills CEO Jeff Harmening as a "natural course of progression" and "logical internal candidate" to succeed Ken Powell. While some investors may have preferred an external candidate, Harmening's successes in cereal and experience in natural and organics should not be overlooked, Baumgartner tells investors in a research note. Shares of General Mills are up 1%, or 63c, to $56.68 in early trading.
05/24/17
PIPR
05/24/17
INITIATION
Target $57
PIPR
Underweight
General Mills initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Michael Lavery initiated General Mills with an Underweight and a $57 price target saying international sales highlights potential risks to estimates. The analyst sees international sales below consensus by $70M-$75M, comparable to the Q4 2016 one-time gain from an accounting change and an extra month of European yogurt sales. Lavery also said said scanner data for 6 of its 7 largest categories are down by more than 3% and shifts in the retail environment present risks for center-store processed food manufacturers.

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