General Mills price target lowered to $45 from $47 at TD Cowen

TD Cowen analyst Robert Moskow lowered the firm’s price target on General Mills (GIS) to $45 from $47 and keeps a Hold rating on the shares. The company said weak consumer sentiment is weighing on category growth and impacting consumer purchase patterns, resulting in a slower pace and higher cost of volume than initially expected, the analyst tells investors in a research note. The firm reduced estimates following General Mills’ commentary.