Evercore ISI Group Maintains In-Line Rating for General Mills: Here's What You Need To Know

Evercore ISI Group has decided to maintain its In-Line rating of General Mills GIS and lower its price target from $75.00 to $72.00.

Shares of General Mills are trading up 0.63% over the last 24 hours, at $65.88 per share.

A move to $72.00 would account for a 9.29% increase from the current share price.

About General Mills

General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and super-premium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products into the foodservice channel and the commercial baking industry.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.