TD Cowen raised the firm’s price target on General Mills to $70 from $68 and keeps a Market Perform rating on the shares. The firm said they reported better than expected organic sales and view the positive surprise as transitory due to benefits from inventory re-loading and lower incentive compensation expense.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot 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
- General Mills sees FY24 adjusted EPS up 4%-5%, consensus $4.67
- General Mills reports Q4 adjusted EPS $1.17, consensus $1.05
- Options Volatility and Implied Earnings Moves This Week, March 18 – March 21, 2024
