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Fly News Breaks for March 21, 2019
GIS
Mar 21, 2019 | 08:17 EDT
Credit Suisse analyst Robert Moskow raised his price target for General Mills to $52 from $43 following the company's Q3 EPS beat, with benefits from pricing, productivity, mix, and breakfast cereal merchandising boosting gross margin significantly. With the company's core business now looking more stable and the expansion of Blue Buffalo providing strong growth and visibility in the near-term, the analyst thinks the probability of another small EPS and margin beat in Q4 is rather high. Moskow reiterates a Neutral rating on the shares.
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