General Mills price target lowered to $54 from $60 at JPMorgan

JPMorgan lowered the firm’s price target on General Mills (GIS) to $54 from $60 and keeps a Neutral rating on the shares. The firm trimmed its estimates and price target following earnings and its follow-up with the company, telling investors that despite its “incremental concern” the firm maintains a Neutral rating mainly because the stock is “already somewhat disliked by the buy side.” Assuming that sell side estimates go low enough for FY26, the firm is “not sure if there’s a meaningfully negative catalyst ahead,” the analyst added.