Jefferies analyst Scott Marks lowered the firm’s price target on General Mills (GIS) to $53 from $59 and keeps a Hold rating on the shares. Management has spoken to increasing investment in core categories and brands to improve competitiveness, notes the analyst, who notes that higher investment and tariff related costs lead the firm to lower its FY26 and FY27 EPS estimates by about 2% and 3%, respectively.
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