BTIG initiated coverage of General Mills (GIS) with a Neutral rating and no price target The firm sees the company’s growth fundamentals as pressured, Remarkability playbook outcomes uncertain, its balance sheet levered, and valuation not overly discounted relative to U.S. Food, the analyst tells investors in a research note. General Mills’ growth reversion may drive upside, but category positioning gives the firm pause, BTIG added.
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