General Mills cut to Hold at Argus on continued weak volumes and slow growth

As previously reported, Argus analyst Taylor Conrad downgraded General Mills to Hold from Buy with no price target. The analyst contends that given the company’s continued weak volume and challenges from inflation, along with the management’s slow-growth outlook, a neutral stance is “appropriate”. Argus adds however that the firm remains positive on General Mills’ commitment to controlling costs and boosting margins through its holistic margin management program, stating that it would look to upgrade the stock back to Buy on sustained volume and margin growth.