Bank of America Maintains Buy Rating on General Mills

Bank of America is maintaining its FY12E EPS of $2.58 on shares of General Mills, Inc. GIS “but modestly revise our FY13E/FY14E EPS from $2.76/2.96 to $2.78/$2.98.” “Our revised estimates reflect the addition of Yoplait to our model,” Bank of America writes. “Our $42 PO implies 16.9x our CY11E EPS of $2.48, a 4.3% premium to the group.” Bank of America is maintaining its Buy rating on General Mills, which closed Wednesday at $36.88.