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Fly News Breaks for July 10, 2019
GIS
Jul 10, 2019 | 06:05 EDT
Piper Jaffray analyst Michael Lavery raised his price target for General Mills to $56 from $50 saying product launches will help the company's sales growth. At its investor day, General Mills pointed to product launches, e-commerce, and its natural/organic portfolio to be among the main drivers of its expected top-line growth, Lavery tells investors in a research note. Further, its evolving segment and product mix should add help to margins in fiscal 2020. The analyst sees better visibility on the company's near-term momentum but keeps a Neutral rating on the shares.