Wells Fargo raised the firm’s price target on General Mills to $75 from $67 and keeps an Equal Weight rating on the shares. General Mills continues to streamline its portfolio with the sale of North America Yogurt, a sale which comes with dilution, but better growth and predictability, a positive, the analyst tells investors in a research note. Looking ahead, the firm sees an on track quarter for Q1, but expects debates on sales ramp into the second half to remain.
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