Morgan Stanley lowered the firm’s price target on General Mills (GIS) to $44 from $47 and keeps an Underweight rating on the shares. The firm is lowering estimates for General Mills, modestly raising estimates for Conagra (CAG), and reiterating an Overweight rating on Mondelez (MDLZ) with estimates unchanged after having attended presentations and breakout sessions with management teams from the three companies at the 2026 CAGNY conference.
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Read More on GIS:
- General Mills price target lowered to $50 from $52 at Stifel
- General Mills price target lowered to $48 from $53 at Bernstein
- Mondelez price target lowered to $73 from $75 at Bernstein
- General Mills price target lowered to $53 from $60 at Piper Sandler
- General Mills price target lowered to $46 from $52 at Barclays