General Mills (GIS) Faces Lower Price Target as BofA Revises Industry Outlook

On May 28, BofA lowered its terms proposal connected General Mills, Inc. (NYSE:GIS) to $36 from $42. It retained a Neutral standing connected the stock. The determination came arsenic the steadfast updated its income estimates for respective packaged nutrient companies utilizing scanner information collected done May 16.

A fewer weeks earlier, connected May 13, Piper Sandler expert Michael Lavery chopped his terms extremity connected GIS to $41 from $45, citing weaker maturation expectations. Despite the little target, the steadfast kept its Overweight standing connected the shares. Piper Sandler said General Mills appears to beryllium connected gait to conscionable its updated fiscal 2026 guidance, though results are apt to onshore adjacent the little extremity of the company’s forecast range.

General Mills, Inc. (NYSE:GIS) is simply a planetary nutrient institution that manufactures and markets branded user products. Its concern is organized into 4 segments: North America Retail, International, North America Pet, and North America Foodservice.

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