Argus analyst Taylor Conrad upgraded General Mills to Buy from Hold with a $90 price target. The analyst is positive on the company’s efforts to create a differentiated portfolio of brands for health-conscious customers and to generate a higher percentage of revenue from new products. Argus also cites General Mills’ strong balance sheet and the management’s confidence in its outlook with a 9% hike in the dividend, noting that the company looks “well positioned” to leverage its brands and grow margins.
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