General Mills price target raised to $96 from $88 at UBS

UBS analyst Cody Ross raised the firm’s price target on General Mills to $96 from $88 and keeps a Buy rating on the shares. General Mills’ Q3 results and forward guidance put a dent in the near-term bear thesis, and General Mills is better positioned to deliver more consistent growth moving forward given the level of reinvestment it made in the business this year and its the strategic decisions to divest non-core assets, the analyst tells investors in a research note.