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General Mills, Dollar Tree, Adobe Systems Lead Top Analysts' Actions

9/02/15 10:19 AM EDT
In Wednesday's analysts' actions, Wall Street analysts are bullish on General Mills (GIS), others drop Dollar Tree's (DLTR) price target and start coverage of Adobe Systems (ADBE). Cereal maker General Mills was upgraded this morning to EQUAL WEIGHT from UNDERWEIGHT at Morgan Stanley. The company has started three restructuring programs and has been 'aggressively managing costs,' the firm said. Top line concerns remain, but overall, General Mills is showing improvement. Analysts also raised their price target to $56 from $53. In another note, Cantor Fitzgerald cut Dollar Tree's price target to $90 from $95 due to its discounted cash flow model. But, the firm is bullish and is keeping its BUY rating. The company's second quarter 2015 earnings report, which was out Tuesday, met analysts' expectations on the bottom line. Finally, Oppenheimer started coverage of Adobe Systems with a PERFORM rating. The company is a leader in the cloud digital marketing and media categories, analysts noted. The computer software company also has potential in areas such as mobile, content and data. Looking ahead, analysts have a positive outlook on the stock. TheStreet's U-Jin Lee reports from new York.
Stocks in this video: GISDLTRADBE
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