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General Mills price target lowered to $56 from $65 at Stifel

Stifel lowered the firm’s price target on General Mills (GIS) to $56 from $65 and keeps a Buy rating on the shares. Initial FY26 guidance includes an EPS decline in the range of 15% to 10%, with a heavier burden from reinvestment than anticipated, which is “disappointing,” the analyst tells investors. However, the firm believes the heavier investment spending is required to improve General Mills volume performance and ultimately the company’s ability to sustainably grow both organic sales and profit, so it remains “constructive” on the shares.

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