General Mills price target raised to $51 from $50 at Wells Fargo

Wells Fargo raised the firm’s price target on General Mills (GIS) to $51 from $50 and keeps an Equal Weight rating on the shares. The firm says the company returned NAR to volume growth for the first time in nearly 5 years, albeit timing was a factor and price investments substantial. Wells expects debates to linger on whether General Mills can return to positive volume and price into FY27.