General Mills Outlook Clouded By Soft Consumer Spending, Pet Segment Struggles, Analysts Say

Wall Street sentiment toward General Mills Inc. (NYSE:GIS) is becoming cautious. A leading analyst has downgraded the stock, reduced his price target and extended the expected recovery timeline. Several others share this outlook. • What are GIS shares doing today?Below is an overview of the factors behind this shift and its implications for investors.BofA Downgrade DetailsBofA Securities analyst Peter T. Galbo downgraded General Mills to Neutral from Buy and lowered his price forecast to $48 from $55, cit ...