Wells Fargo analyst Chris Carey lowered the firm’s price target on General Mills (GIS) to $50 from $53 and keeps an Equal Weight rating on the shares. The firm says Q2 doesn’t look too directional. The challenge for the company’s narrative is rather twofold, as absolute delivery is still soft, and estimates are expected to get better, namely into FY27 which implies an inflection.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIS:
- General Mills: Strategic Price Investments Show Promise Amidst Market Challenges, Justifying Hold Rating
- General Mills price target lowered to $47 from $50 at Jefferies
- General Mills price target lowered to $52 from $56 at Stifel
- General Mills: Sell Rating Due to Valuation Concerns and Limited Growth Prospects
- General Mills Faces Balanced Risk-Reward Scenario Amidst Sales Challenges and Strategic Adjustments