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TD Cowen Issues Pessimistic Forecast for General Mills (NYSE:GIS) Stock Price
TD Cowen has lowered its price target for General Mills (NYSE:GIS) to $37 from $45, maintaining a “hold” rating, following the company’s Q3 earnings and revenue miss. Other analysts have also adjusted their targets downward, leading to an average “Reduce” rating and a target of $47.72 from MarketBeat data. The stock is currently trading near its 12-month low and its high dividend yield raises concerns about sustainability given recent financial performance.