General Mills price target lowered to $47 from $49 at UBS

UBS lowered the firm’s price target on General Mills (GIS) to $47 from $49 and keeps a Sell rating on the shares. General Mills reported Q1 results that were broadly in-line with expectations with FY26 guidance unchanged, the analyst tells investors in a research note. The firm believes that more than 2% growth is needed in the second half to hit the midpoint of guidance.