Stifel analyst Matthew Smith raised the firm’s price target on General Mills to $77 from $68 and keeps a Buy rating on the shares after the company reported stronger-than-anticipated Q3 results and reiterated its FY24 outlook. Following the report, the firm is raising its FY24 EPS estimate to $4.50, up 1c from its previous estimate, representing 4.5% growth for the year, the analyst noted.
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