Credit Suisse Boosts Price Target for General Mills (GIS)


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Packaged foods maker General Mills, Inc. ( GIS ) on Friday saw its price target raised by analysts at Credit Suisse.

The firm maintained its "Neutral" rating on GIS but lifted its price target to $41. That new target suggests a small upside to the stock's Thursday closing price of $39.96.

Credit Suisse said it made the move because the company is realizing stronger pricing power on its products.

General Mills shares, which have risen more than 12% year-to-date, were unchanged in premarket trading Friday.

The Bottom Line
Shares of General Mills ( GIS ) have a 3.05% dividend yield, based on last night's closing stock price of $39.95. The stock has technical support in the $37-$38 price area. The shares are trading near all-time highs and have little overhead resistance.

General Mills, Inc. ( GIS ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks

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