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Stock Market & Financial Investment News

News Breaks
March 17, 2014
07:15 EDTGISGeneral Mills Q3 EPS estimate lowered below consensus at RBC Capital
After General Mills said it expects Q3 volume to be down about 1%, RBC Capital cut its Q3 EPS estimate for the company to 62 from 68c, primarily because of increased expenses. However, the firm maintained its FY14 EPS estimate and continues to expect the company's stock to be driven higher by improvements in its core products, along with lower input costs. It keeps an Outperform rating on the stock.
News For GIS From The Last 14 Days
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November 25, 2015
05:43 EDTGISGeneral Mills to use only cage-free eggs by 2025, Reuters reports
General Mills plans to use only cage-fee eggs in its U.S. operations by 2025, reports Reuters. The company had said it was working toward using cage-free eggs in its products in July, but this is a the first time a packaged food company has given a timeline. Reference Link
November 18, 2015
09:06 EDTGISHain Celestial weakness looks overdone, says Bernstein
Bernstein notes that Hain Celestial (HAIN) is now trading at a lower valuation than a number of "ostensibly more challenged food companies like" Kellogg (K) and General Mills (GIS). The firm expects the company to benefit over the longer term from current food trends. It trimmed its price target on the name to $50 from $60 and keeps an Outperform rating.

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