General Mills downgraded to Market Perform

|By:, SA News Editor

Wells Fargo downgrades General Mills (GIS) to Market Perform from Outperform after hearing from the company yesterday on its outlook for the remainer of 2013 and 2014. (PR, conference call transcript)

The investment firm is concerned about a lack of catalysts in General Mills' U.S. retail segment in particular.

GIS -0.8% premarket.