In a recent update from B of A Securities, analyst Bryan Spillane has maintained his "Buy" rating for General Mills (GIS, Financial). The decision comes amidst a slight adjustment in the stock's price target.
The new price target set by B of A Securities for General Mills (GIS, Financial) is $61.00 USD, reflecting a decrease from the previous target of $63.00 USD. This adjustment marks a 3.17% change in the price target.
Despite the lowered price target, the continued "Buy" rating suggests sustained confidence from B of A Securities in the future prospects of General Mills (GIS, Financial). Investors and market participants will be keen to see how the stock performs following this update.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for General Mills Inc (GIS, Financial) is $59.90 with a high estimate of $72.11 and a low estimate of $50.00. The average target implies an upside of 18.19% from the current price of $50.68. More detailed estimate data can be found on the General Mills Inc (GIS) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, General Mills Inc's (GIS, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for General Mills Inc (GIS, Financial) in one year is $71.21, suggesting a upside of 40.51% from the current price of $50.68. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the General Mills Inc (GIS) Summary page.
