General Mills: Jefferies raises target price

(CercleFinance.com) - Jefferies maintains its 'hold' recommendation on General Mills shares, having raised its target price for them from $66 to $69, while acknowledging that the food group has lost global market share due to significant losses in pasta.


Channel volumes, while still declining year-on-year, have improved sequentially each month since June, raising hopes around the organic sales growth target for FY 2025, the broker moderates.


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