JPMorgan analyst Ken Goldman lowered the firm’s price target on General Mills to $68 from $69 and keeps a Neutral rating on the shares after its Q2 results and a reduced range in expected FY24 EPS. The stock is likely trading close to fair value, but it’s possible that its multiple could compress further if EPS guidance proves slightly aggressive, 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 the top stocks recommended by analysts >>
Read More on GIS:
- General Mills Stock (NYSE:GIS): Don’t Get Hung Up on Its Dour Outlook
- General Mills (NYSE:GIS) Tanks on Dismal Outlook
- Options Volatility and Implied Earnings Moves Today, December 20, 2023
- Notable companies reporting before tomorrow’s open
- Options Volatility and Implied Earnings Moves This Week, December 18 – December 21, 2023
