BofA lowered the firm’s price target on General Mills (GIS) to $55 from $61 and keeps a Buy rating on the shares after the company presented at CAGNY earlier today and issued a press release lowering its FY26 outlook. The current valuation “bakes in short term pressures” in North America Retail, says the analyst, who acknowledges that certain tailwinds will help offset. Following the guidance cut, the firm lowers its FY26 adjusted EPS forecast to $3.44 from $3.70.
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