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News Breaks
June 26, 2014
07:19 EDTGISGeneral Mills shares provide opportunity over next year, says Stifel
After General Mills reported lower than expected Q4 EPS, Stifel nonetheless sees opportunity in the shares over the next 12 months, due to what the firm sees as conservative FY15 estimates for the company and its superior cash flow generation. The firm expects the company to use its cash flow to reward shareholders. It raised its price target to $57 from $55 and keeps a Buy rating.
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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