Wells Fargo Updates 2026 Assumptions, Lowers General Mills (GIS) Price Target

Wells Fargo trimmed its terms people connected General Mills, Inc. (NYSE:GIS) to $49 from $51. The steadfast kept an Equal Weight standing connected the stock. The accommodation came arsenic the steadfast rolled aggregate models unneurotic crossed beverages, food, and household and idiosyncratic care, prompting updated targets that agelong into 2026. The alteration was reiterated successful a January 5 note, again citing the broader exemplary aggregation arsenic the main operator alternatively than a company-specific shift.

Earlier, connected December 17, General Mills, Inc. (NYSE:GIS) posted second-quarter results that bushed expectations connected some income and profit. Demand stayed resilient arsenic cost-conscious consumers continued to devour much meals astatine location alternatively of eating out. That inclination supported income of pantry staples and meal items, including brands specified arsenic Pillsbury.

Consumer sentiment successful the US showed immoderate betterment successful aboriginal December, though spending behaviour remained cautious. Elevated prices and uncertainty astir the labour marketplace kept shoppers focused connected home-cooked meals. CEO Jeff Harmening described the 4th arsenic a “volatile operating environment,” portion besides noting “improved momentum” done the archetypal fractional of the year.

General Mills, Inc. (NYSE:GIS) produces and sells a wide scope of branded nutrient products, distributing them done retail channels successful the US and planetary markets.

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