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Fly News Breaks for July 10, 2019
GIS
Jul 10, 2019 | 07:50 EDT
Guggenheim analyst Laurent Grandet raised his price target on General Mills shares to $65 from $58 after the company's investor day, during which he said the company unveiled numerous innovations across its products lines. The company reiterated guidance for FY20 constant-currency EPS growth in the range of 3-5%, but Grandet said this "still feels conservative" if organic sales growth is within the guidance range of 1-2%. The analyst, who is modeling EPS growth of 6.1%, keeps a Buy rating on General Mills shares.
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