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Fly News Breaks for September 19, 2019
GIS
Sep 19, 2019 | 08:48 EDT
BMO Capital analyst Kenneth Zaslow kept his Market Perform rating and $53 price target on General Mills after its Q1 earnings beat, saying the company's "strong operating gains" and favorable interest expense and tax items more than offset its lower than expected sales growth. The analyst notes that the company is successfully navigating the operating environment and he is encouraged that its pricing and sales mix are offsetting the headwinds in bakery flour and the lost distribution in its Haagen-Dazs brand.