Shares of General Mills (GIS) shed 1.2% premarket after the company takes on a harsh downgrade...

|By:, SA News Editor

Shares of General Mills (GIS) shed 1.2% premarket after the company takes on a harsh downgrade from Goldman Sachs. The firm shines its light on General Mills due to "product cycle issues" with a retail portfolio it call over-extended. Both the cereal and non-Greek yogurt categories look to be at risk to Goldman.