Stifel analyst Matthew Smith resumed coverage of General Mills with a Buy rating and $95 price target. The Pet segment has rebounded back to a double-digit sales rate and Blue Buffalo "remains a key growth pillar," the analyst tells investors in a research note. For FY23, the firm estimates 11% organic sales growth and 8% EPS growth to $4.26.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on GIS:
- General Mills price target raised to $77 from $73 at Morgan Stanley
- General Mills management to meet virtually with Mizuho
- General Mills price target raised to $80 from $75 at Mizuho
- General Mills price target raised to $96 from $88 at UBS
- General Mills price target raised to $83 from $81 at Barclays