Citi Reiterates a 'Buy' on General Mills (GIS) After Investor Meeting in NY
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Citi reiterates a 'Buy' on General Mills Inc (NYSE: GIS). Price target $78.
Citi analyst says, "General Mills recently held an investor meeting in New York to provide an update on business trends. Overall, the company remains on track to meet its F2009 earnings targets and is being driven by strong trends in its US Retail business, which are more than offsetting negative FX headwinds from the company's International segment...We believe the company's strategy to remain focused on new product innovation supported by increased consumer marketing spending is well conceived and should drive consistent earnings growth at General Mills for years to come."
General Mills, Inc. (General Mills) is a manufacturer and marketer of branded consumer foods sold through retail stores.
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