General Mills price target lowered to $60 from $65 at Barclays

Barclays lowered the firm’s price target on General Mills (GIS) to $60 from $65 and keeps an Equal Weight rating on the shares. The firm can understand investors questioning whether General Mills is at “the final earnings cut” with the company planning a more significant step up in trade and media spend going forward, but argues that “putting organic sales points on the board is required to answer this question.”