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General Mills price target lowered to $49 from $52 at UBS

UBS lowered the firm’s price target on General Mills (GIS) to $49 from $52 and keeps a Sell rating on the shares. General Mills reported a Q4 beat but its FY26 guidance fell 5% short of Street expectations on the bottom line, the analyst tells investors in a research note. Although the company is embedding a conservative approach as it relates to guidance across a number of key variables, in an environment where top line visibility is limited amid a challenged consumer backdrop, it is difficult to have confidence that the top line improvement embedded in guidance is achievable at this stage, UBS says.

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