Deutsche Bank Maintains Buy on General Mills

Deutsche Bank is out with its report today on General Mills GIS, maintaining Buy. In a note to clients, Deutsche Bank writes, "Our BUY opinion is based on leading share in many U.S. categories (cereal, refgd. dough, yogurt, cake mix), strong new products, LT productivity efforts, solid FCF, operational excellence and reasonable valuation. We view valuation as even more compelling with global Yoplait (as well as undervalued JVs)." Deutsche Bank maintains a $44 PT on GIS. At the time of posting, shares of GIS were trading pre-market at $37.56, down 0.98% from Wednesday's close.