NEW YORK, July 2 (newratings.com) - Analysts at RBC Capital Markets maintain their "outperform" rating on General Mills Inc (ticker: GRM), while raising their estimates for the company. The target price has been raised from $60 to $64.
In
a research note published this morning, the analysts mention that the company has reported its FY09 earnings ahead of expectations, besides issuing its FY10 guidance above the market expectations. The assumptions underlying General Mills (NYSE:
GIS -
news) ' FY10 guidance are conservative and there is scope for upward revision, the analysts say. The EPS estimates for FY10 and FY11 have been raised from $4.21 to $4.26 and from $4.58 to $4.60, respectively.
© 2009 New Ratings
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
