As previously reported, BofA upgraded General Mills (GIS) to Buy from Neutral with a price target of $80, up from $78. The firm expects General Mills to return to organic sales growth at a faster and more sustainable rate compared to center-store food peers driven by a re-acceleration in Pet and stabilization in North American Retail, the analyst tells investors. Thematically, the stock gives investors exposure to a rebound in U.S. Pet and “a melt up in value stocks,” with fundamentals that screen more attractive than food peers, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIS:
- General Mills upgraded to Buy from Neutral at BofA
- General Mills price target lowered to $72 from $73 at Deutsche Bank
- This ‘Boring’ Stock Has Been Giving Investors Dividends for Over 100 Years
- Trump Trade: Transition team weighing White House crypto role
- Nvidia reports Q3 beat, Starbucks explores China partnerships: Morning Buzz