BofA lowered the firm’s price target on General Mills (GIS) to $61 from $63 and keeps a Buy rating on the shares, which moved lower on results. The reaction was “more negative than we expected,” says the analyst, who notes that initial FY26 was “largely in line with our expectations and has been a consistent messaging point since CAGNY in February.” The path to stock price appreciation from here will be “reliant on execution against what we view as an achievable FY26 plan,” the analyst tells investors.
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