Bernstein analyst Alexia Howard raised the firm’s price target on General Mills (GIS) to $55 from $54 and keeps a Market Perform rating on the shares ahead of quarterly results. The firm notes pricing in U.S. measured channels remains down about 3%, which is similar to last quarter, but volumes are now up a little over 1%. In particular, Progresso’s recent soup pricing investment boosted volumes by 16% over the past month. And RTE cereal takeaway has improved.
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