RBC Capital analyst Nik Modi keeps a Sector Perform rating and $72 price target on General Mills after its “constructive” Q4 results. The quarter was driven by notable outperformance in the pet segment, though North America Retail also performed ahead of expectations as cold weather in January increased at-home food consumption, the analyst tells investors in a research note. RBC is also boosting its FY24 EPS view by 1c to $4.51 and its FY25 view by 10c to $4.70.
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