Earlier Wednesday morning, Societe General issued the following rating and price target changes.
Upgrades
- Mondelez International Inc MDLZ: from Hold to Buy, price target from $40 to $43
- Anhesuer-Busch InBev SA BUD: Sell to Hold
Downgrades
- General Mills, Inc. GIS: Hold to Sell, $53 to $50
- Kellogg Company K: Buy to Hold, $68.50 to $66
- Nestle: Buy to Hold
Following the changes, shares of General Mills and Kellogg have fallen about three percent and one percent, respectively.
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