General Mills price target raised to $76 from $68 at Citi

Citi analyst Thomas Palmer raised the firm’s price target on General Mills to $76 from $68 and keeps a Neutral rating on the shares ahead of the fiscal Q1 report on September 18. The firm expects improved retail takeaway trends for the company’s North America retail segment and benign inflation to drive earnings above consensus. The Q1 beat might not be a surprise at this point, however, especially after management’s positive tone at an investor conference earlier this month, the analyst tells investors in a research note. Nonetheless, Citi thinks the shares “could still migrate higher post-earnings.”