General Mills price target lowered to $75 from $76 at Citi

Citi lowered the firm’s price target on General Mills to $75 from $76 and keeps a Neutral rating on the shares following the fiscal Q1 report. The shares trade near historical valuation averages and a dilutive divestiture could soon weigh on forward earnings estimates, the analyst tells investors in a research note. While both could limit upside, the shares “could continue to benefit from a market rotation back toward food stocks,” the analyst tells investors in a research note.