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Deutsche Bank Maintains Buy on General Mills
Thursday, July 14, 2011 - 8:22am | 96Deutsche Bank is out with its report today on General Mills (NYSE: GIS), maintaining Buy. In a note to clients, Deutsche Bank writes, "Our BUY opinion is based on leading share in many U.S. categories (cereal, refgd. dough, yogurt, cake mix), relatively low valuation (13.3x C2012E P/E), possible...
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Bank of America Maintains Buy Rating on General Mills
Thursday, July 14, 2011 - 7:38am | 81Bank of America is maintaining its FY12E EPS of $2.58 on shares of General Mills, Inc. (NYSE: GIS) “but modestly revise our FY13E/FY14E EPS from $2.76/2.96 to $2.78/$2.98.” “Our revised estimates reflect the addition of Yoplait to our model,” Bank of America writes. “Our $42 PO implies 16.9x our...
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Deutsche Bank Comments on General Mills After Yoplait Acquisition
Thursday, July 14, 2011 - 7:29am | 129Deutsche Bank has published a report on General Mills(MYSE: GIS) with a slightly higher earnings per share estimate for 2012-2014 taking into account General Mills' acquisition of Yoplait. Deutsche Bank reported that General Mills had seemed to focus more on retailer relationships in its 2012...
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Argus Downgrades General Mills To Hold
Friday, July 1, 2011 - 8:11am | 19Argus has downgraded General Mills (NYSE: GIS) from Buy to Hold.
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Jefferies Reiterates Hold and PT of $40 on General Mills
Thursday, June 30, 2011 - 9:02am | 41Jefferies reiterated its Hold rating on General Mills (NYSE: GIS). At the same time, Jefferies left its price target on the company's stock unchanged at $40. On Wednesday, General Mills ended the day at $37.38.
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Citi Reiterates Buy on General Mills, Reduces PT to $44
Thursday, June 30, 2011 - 8:34am | 43Citi reiterated its Buy rating on General Mills (NYSE: GIS). At the same time, the rating agency reduced its price target on the company's stock from $45 to $44. On Wednesday, General Mills finished the day at $37.38.
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J.P. Morgan Reiterates Overweight on General Mills
Thursday, June 30, 2011 - 7:40am | 132J.P. Morgan is out with its report today on General Mills (NYSE: GIS), reiterating Overweight. In a note to clients, J.P. Morgan writes, "We are reiterating our Overweight rating on the shares of General Mills following a modest earnings capitulation on yesterday's earnings call. Mills guided to a...
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Citigroup Lowers PT On General Mills To $44
Thursday, June 30, 2011 - 6:57am | 26Citigroup has lowered the price target on General Mills (NYSE: GIS) from $45 to $44 and maintains its Buy rating.
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General Mills Earnings Preview: Marginal Sales Growth Expected
Tuesday, June 28, 2011 - 8:30am | 342General Mills (NYSE: GIS) is set to report fourth-quarter fiscal 2011 results tomorrow, June 29, before the markets open. The report should offer a look at where things stand in terms of the cost of food and transportation. Analysts are looking for the maker of Wheaties and Lucky Charms to report...
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JP Morgan Reiterates OW Rating on General Mills
Monday, June 27, 2011 - 7:43am | 115JP Morgan is reiterating its Overweight rating on General Mills, Inc. (NYSE: GIS). “We continue to like Mills given better pricing, forthcoming innovation, and an improving U.S. cereal category,” JP Morgan writes. “Additionally, we suspect the announced Yoplait acquisition could prove accretive,...
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Earnings Expectations for the Week of June 27
Sunday, June 26, 2011 - 9:56am | 1012As the calendar quarter winds down this week, S&P 500 components scheduled to report quarterly results include Family Dollar Stores, General Mills, Monsanto and Nike. Analysts on average are expecting to see year-over-year earnings growth from each of them. Here are the consensus per-share...
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Deutsche Bank Maintains Buy on General Mills
Thursday, June 23, 2011 - 8:51am | 101Deutsche Bank is out with its report today on General Mills (NYSE: GIS), maintaining Buy. In a note to clients, Deutsche Bank writes, "Our BUY opinion is based on leading share in many U.S. categories (cereal, refgd. dough, yogurt, cake mix), strong new products, LT productivity efforts, solid FCF...
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Jefferies Provides Color on Food Sector
Wednesday, June 22, 2011 - 8:09am | 178Jefferies provided color on the food sector. In a research report published today, Jefferies stressed a possibility that Wal-Mart (NYSE: WMT) might put more pressure on its suppliers to maintain its price competitiveness. In the report, Jefferies states, "After packaged food price gaps between Wal...
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Bank of America Reiterates Buy and PT of $42 on General Mills
Wednesday, June 22, 2011 - 7:24am | 114Bank of America reiterated its Buy rating on General Mills (NYSE: GIS). At the same time, the rating agency left its price target on the company's stock unchanged at $42 ahead of the company's quarterly earnings report, which is due on June 29. In a research report published today, Bank of...
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UPDATE: Goldman Sachs Downgrades General Mills to Neutral
Thursday, June 16, 2011 - 7:52am | 92Goldman Sachs is out with its report today on General Mills (NYSE: GIS), downgrading GIS from Buy to Neutral. In a note to clients, Goldman Sachs writes, "We are downgrading General Mills to Neutral from Buy and lowering our 12-month price target by $2 to $42. Our downgrade reflects our view that...