NEW YORK (TheStreet) -- General Mills(GIS) - Get Report  stock had its "neutral" rating maintained at Credit Suisse as the firm upped its price target to $68 from $61. 

"Top-line growth remains muted, but it is showing some modest signs of a rebound now that the cereal category has stabilized and comparisons to last year's merchandising losses are easing," Credit Suisse said in an analyst note released this morning.

The firm added that General Mills enjoys "greater-than-normal" flexibility to reinvest in its business as it drops savings to the bottom line.

Credit Suisse noted that if the firm's adjustments are considered overly-bullish, it is due to an underestimation in the cost of higher ad spending for cereal and General Mill's failed attempt to recover U.S. yogurt markets with similar strong merchandising.

In addition, shares of General Mills are under undue pressure this morning after Britain voted to depart from the European Union. The stock fell 0.36% to $66.52.

Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of A.

The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share.

TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full analysis from the report here: GIS

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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