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Fly News Breaks for March 21, 2019
GIS
Mar 21, 2019 | 07:27 EDT
BMO Capital analyst Kenneth Zaslow raised his price target on General Mills to $53 after its Q3 earnings beat driven by stronger revenue growth and "fax favorability" as well as its FY19 earnings growth outlook increase. The analyst says the company continues to trend toward a more sustainable growth path thanks to its "significant progress in its key processes, revenue management, improved profitability overseas, and "transformative acquisitions". Zaslow is keeping his Market Perform rating on the shares however, stating that General Mills "will need to successfully integrate Blue Buffalo,accelerate innovation, and capitalize on its price/mix opportunities to reestablish its long-term growth algorithm".
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