Canada

General Mills: Rises after CS upgrades to ‘outperform’

** Betty Crocker cake mix and Cheerios cereal maker’s shares rise 1.4% to $59.52 premarket after Credit Suisse upgrades to ‘outperform’ from ‘neutral’

** General Mills has become one of the most sophisticated e-commerce vendors in the consumer packaged goods industry- CS

** Consistent reinvestment into product quality, e-commerce, and media support has helped General Mills gain or hold market share in 8 of its top 10 categories, says brokerage

** CS says GIS ranks among the top players in the sector in terms of growth in household penetration and repeat rates during COVID-19

** Brokerage raises PT to $67 from $65, FY21 EPS est. to $3.75 from $3.59, and FY22 EPS est. to $3.86 from $3.76

** 5 of 20 brokerages rate the stock “buy” or higher, 13 “hold” and 2 “sell” or lower; their median PT is $65

** YTD, stock gained 9.5%, as of last close

(Reporting by Shreyasee Raj in Bengaluru)

Football news:

Hector Herrera on 0:4 with Bayern: We played very well with the best team in the world. Don't write off us
Antonio Conte: Borussia are well prepared, they have a lot of potential. Inter could have won
Guardiola on 3:1 with Porto: a Good start. In the Champions League, there are 5 substitutions, the players who came out showed themselves well
Flick about Mueller: he's a continuation of the coach's hand on the field. Thomas manages the team, drives it forward
Gian Piero Gasperini: Miranchuk has just started training. We have a lot of players, rotation is inevitable
Goretzka about 4:0 with Atletico: We were lucky that we didn't miss out at the beginning. It took 10 minutes to get involved
Klopp on the win over Ajax: it wasn't radiant football, but we scored three points