Wells Fargo lowered the firm’s price target on General Mills (GIS) to $33 from $35 and keeps an Underweight rating on the shares. The firm is broadly lowering estimates for the sector ahead of quarterly results. The earnings revisions were anchored by unique, company-specific commodity sheets in all Wells’ models, the firm adds. This makes the margin builds much more specific to the track of this inflationary backdrop, namely into Q4 2026 and 2027, with embedded recovery into 2028.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIS:
- Ex-Dividend Date Nearing for These 10 Stocks – Week of April 6, 2026
- The Week That Was, The Week Ahead: Macro and Markets, April 5
- General Mills price target lowered to $32 from $38 at Deutsche Bank
- Conagra Brands price target lowered to $14 from $18 at TD Cowen
- Campbell’s price target lowered to $20 from $24 at TD Cowen