General Mills price target lowered to $53 from $58 at Goldman Sachs

Goldman Sachs analyst Leah Jordan lowered the firm’s price target on General Mills (GIS) to $53 from $58 and keeps a Neutral rating on the shares after its Q4 results. The company’s FY26 guidance came in below expectations, setting a more achievable bar, though General Mills has also noted some traction from its recent step-up in investments, plus it has a portfolio of well-known brands with solid pricing power historically, the analyst tells investors in a research note.