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Fly News Breaks for June 30, 2016
GIS
Jun 30, 2016 | 07:52 EDT
As previously reported, BofA/Merrill upgraded General Mills to Neutral from Underperform and raised its price target to $70 from $60. Analyst Bryan Spillane said recent announcements regarding strategy adjustments increase earnings visibility near-term and are more aligned with the investor base. Management's new goals allow for minimal sales growth but focus on further cost savings/efficiency, driving margin expansion, the analyst wrote.
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