Stifel raised the firm’s price target on General Mills to $82 from $70 and keeps a Buy rating on the shares after the company reported Q1 EPS that was mostly in line with expectations with volumes expected to sequentially improve through the year as investments and innovation take hold. The company reiterated its FY25 outlook, including organic sales flat to up 1% and EPS in the range of down 1% to up 1% on a constant currency basis, notes the analyst, who estimates “modest” organic sales growth with growth in the second half supported by improved market share trends.
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