Citi Adds General Mills (GIS) to the Top Picks Live, Removes ConAgra (CAG)
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Citi adds General Mills (NYSE: GIS) to the Top Picks Live list.
Citi analyst says, "We are swapping out of ConAgra (NYSE: CAG) and into General Mills in Top Picks Live. While we remain bullish on ConAgra's prospects and maintain our Buy rating and long term conviction, we see greater near term catalysts and upside at General Mills given its leading portfolio of reputable brands which are currently performing at a very high level...General Mills continues to generate excellent sales growth driven by good categories dynamics & co. specific new products. In the most recent AC Nielsen scanner data, General Mills grew total sales by +6.4% in measured channels during the latest 12 weeks."
General Mills, Inc. (General Mills) is a manufacturer and marketer of branded consumer foods sold through retail stores.
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