Deutsche Bank analyst Rob Dickerson upgraded General Mills to Buy from Hold and raised his price target for the shares to $54 from $43. Although the stock is up 20% year-to-date, pressure still exists in the company's snack bar and soup categories, and divestment dilution risk looms, Dickerson tells investors in a research note. However, he believes the core U.S. base business at General Mills "seems to have stabilized" and that the opportunity with Blue Buffalo "remains underappreciated." He sees some reluctance by investors to buy General Mills' shares despite strengthening U.S. retail data trends and margin-accretive distribution and share gain potential with pet at Walmart. The analyst believes share upside potential exists.