Deutsche Bank Comments on General Mills After Yoplait Acquisition

Deutsche Bank has published a report on General Mills(MYSE: GIS) with a slightly higher earnings per share estimate for 2012-2014 taking into account General Mills' acquisition of Yoplait.

Deutsche Bank reported that General Mills had seemed to focus more on retailer relationships in its 2012 guidance. Deutsche Bank felt encouraged by what seemed like a strong team of managers. In the reported Deutsche Bank commented that, "After including Yoplait and other analyst day comments, we modestly increase F2012-F2014 EPS est. While the transaction is complex making some investors wary, we ultimately see Yoplait yogurt as a good global growth platform that will add to cash flow and justify the capital spent."

Deutsche Bank rated General Mills a BUY with a price target of $43.00. General Mills closed yesterday at $36.88.