Morgan Stanley Reiterates Overweight on General Mills

Morgan Stanley reiterated its Overweight rating on General Mills GIS ahead of the company's quarterly earnings report. In a research report published today, Morgan Stanley states, "We are maintaining our Overweight rating on General Mills ahead of F4Q11 EPS on Wednesday, June 29. Our $0.51 estimate is one penny below the $0.52 consensus, in-line with implied guidance of $0.50-$0.52, and ten cents ahead of F4Q10's $0.41." At the moment, Morgan Stanley has a price target of $38.50 placed on the company's stock. On Thursday, General Mills added 0.34% to its value to close the day at $38.06.