HSBC analyst Alejandro Zamacona raised the firm’s price target on General Mills to $76 from $74 and keeps a Hold rating on the shares following the fiscal Q3 report. Despite strong execution, General Mills’ brands “seem somewhat old-fashioned as they have not been able to address consumer behavior trends successfully,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GIS:
- GIS Earnings: General Mills Surges on Strong Q3 Results
- Options Volatility and Implied Earnings Moves Today, March 20, 2024
- Options Volatility and Implied Earnings Moves This Week, March 18 – March 21, 2024
- GIS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- General Mills put volume heavy and directionally bearish