UPDATE: Morgan Stanley Downgrades General Mills to Equal-Weight on Fewer Catalysts Ahead

In a report published Monday, Morgan Stanley analyst Matthew Grainger downgraded the rating on General Mills (NYSE: GIS ) from Overweight to Equal-Weight, but raised the price target from $43.00 to $49.00. In the report, Grainger noted, “In addition to the Food sector's broad-based rally, Mills' YTD outperformance has been