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General Mills price target lowered to $54 from $60 at Barclays

Barclays lowered the firm’s price target on General Mills (GIS) to $54 from $60 and keeps an Equal Weight rating on the shares following the fiscal Q4 report. The firm says that using learnings from its fresh pet food test two years ago, General Mills now plans a national fresh pet food launch under the Blue Buffalo brand to be supported by multi-year investment to drive trial and awareness.

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