Liberte

Yogurt has been the source of great misfortune for General Mills, Inc. (NYSE: GIS), according to a Wednesday note by Credit Suisse. After U.S. sales fell 10 percent last quarter, vice president David Clark attributed a 3-percent overall decline in the category to weaker volume and pricing, lost...

CLSA analysts Michael Lavery and Will Gaertner think General Mills, Inc. (NYSE: GIS)'s sales upside is dependent on innovation in yogurt. The company's outlook is also weaker than expected by the Street analysts. As a result, the brokerage retained its Underperform rating and a price target of $65...