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Stock impact report

Mizuho Adjusts General Mills (GIS) Price Target amid Broader Food Sector Model Changes [Yahoo! Finance]

General Mills, Inc. (GIS) 
Last general mills, inc. earnings: 3/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.generalmills.com
Company Research Source: Yahoo! Finance
General Mills, Inc. (NYSE: GIS ) is included among the 14 Best Affordable Dividend Stocks to Buy According to Analysts Mizuho Adjusts General Mills (GIS) Price Target amid Broader Food Sector Model Changes On February 23, Mizuho lowered its price recommendation on General Mills, Inc. (NYSE:GIS) to $47 from $52. It reiterated a Neutral rating on the stock. The firm adjusted its models for food companies after the latest CAGNY presentations. A February 17 Reuters report said General Mills cut its full-year sales and profit outlook. That update weighed on the broader consumer goods sector. Investors reacted quickly as concerns around weak demand and price sensitivity resurfaced. The company said lower-income consumers are moving toward cheaper options and private-label brands. Higher living and housing costs are squeezing budgets. CEO Jeffrey Harmening said these pressures are not temporary. He believes affordability and value are becoming lasting priorities for shoppers. The stoc Show less Read more
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