General Mills price target raised to $95 from $88 at Piper Sandler

Piper Sandler analyst Michael Lavery raised the firm’s price target on General Mills to $95 from $88 and keeps an Overweight rating on the shares. The analyst expects General Mills to remain well positioned near-term, as elevated demand for food at home looks likely to continue in the current environment. He believes its pricing power is the best among multi-category portfolios.