Goldman Sachs analyst Leah Jordan lowered the firm’s price target on General Mills (GIS) to $68 from $74 and keeps a Buy rating on the shares after its Q3 results and guidance. The firm has updated target multiples due to a more challenging operating environment, but while the FY25 guidance reduction came in greater than expected, General Mills is taking the appropriate action to drive volume improvement into FY26 amid the more challenging center-of-store environment, the analyst tells investors in a research note.
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