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GIS

General Mills

$51.31

-2.39 (-4.45%)

07:10
06/27/19
06/27
07:10
06/27/19
07:10

General Mills earnings selloff a buying opportunity, says Citi

Citi analyst David Driscoll views yesterday's post-earnings pullback in shares of General Mills as a buying opportunity. The analyst keeps a Buy rating on the shares with a $60 price target. The company's retail sales for its North America operations in the quarter were actually flattish, with the delta between reported shipments and takeaway being driven largely by retailer inventory reductions, Driscoll tells investors in a research note. The analyst views General Mills' fiscal 2020 guidance as achievable and keeps the stock as a top pick.

  • 10

    Jul

  • 11

    Jul

GIS General Mills
$51.31

-2.39 (-4.45%)

05/28/19
GSCO
05/28/19
DOWNGRADE
GSCO
Sell
General Mills downgraded to Sell from Neutral at Goldman Sachs
05/28/19
05/28/19
DOWNGRADE
Target $41

Sell
General Mills cut to Sell at Goldman Sachs on deceleration concerns
As previously reported, Goldman Sachs analyst Jason English downgraded General Mills to Sell from Neutral with a price target of $41. The analyst notes that after a period of outperformance from sequential improvement in the company's core business and the impact of its acquisition of Blue Buffalo, General Mills is entering its next "chapter" of "mounting deceleration." English adds that while the benefits of the management's improvement initiatives are still "peaking" and his perceived risk to estimates for the company is two or more quarters away, the stock is also trading near its multi-year high earnings multiple with the upside risk from current levels likely limited.
05/29/19
05/29/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. General Mills (GIS) downgraded to Sell from Neutral at Goldman Sachs with analyst Jason English saying that after a period of outperformance from sequential improvement in the company's core business and the impact of its acquisition of Blue Buffalo, General Mills is entering its next "chapter" of "mounting deceleration." 2. NIO Inc. (NIO) downgraded to Underperform from Neutral at BofA/Merrill with analyst Ming Hsun Lee saying he expects weak orders for the ES8 and ES6 due to EV purchase subsidy cuts, less cash flow from reduced car sales, increased competition from Tesla's (TSLA) Model 3 in 2020, and views valuation as "rich." 3. American Campus (ACC) downgraded to Market Perform from Outperform at JMP Securities with analyst Aaron Hecht saying his firm's checks at UC Berkeley indicate that the 6,000 bed RFP will likely end up being fee-based development, which takes one of his previously expected catalysts off the table. 4. Atlassian (TEAM) downgraded to Neutral from Buy at BTIG with analyst Edward Parker saying after a "great run" of over 100% in the last 12 months, the risk-reward on the stock has turned more "balanced." 5. Ericsson (ERIC) downgraded to Sell from Neutral at New Street. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/11/19
EVER
06/11/19
INITIATION
Target $56
EVER
In Line
General Mills initiated with an In Line at Evercore ISI
Evercore ISI analyst David Palmer started General Mills with an In Line rating and $56 price target.

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ALT

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AAPL

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