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Fly News Breaks for December 11, 2019
K, GIS
Dec 11, 2019 | 17:08 EDT
Deutsche Bank analyst Faiza Alwy resumed coverage of General Mills (GIS) with a Buy rating and $61 price target. The analyst notes that the bears may highlight continued pressure in yogurt and a reversal of momentum in cereal amid promotional activity at Kellogg (K), but she sees a "long runway" opportunity in the Pet segment and believes that market share losses in yogurt will dissipate with innovation. Alwy adds that General Mills should be able to deliver "consistent and profitable growth".
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