Analyst Peter Galbo of Bank of America Securities maintained a Buy rating on General Mills, retaining the price target of $61.00.
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Peter Galbo has given his Buy rating due to a combination of factors that suggest a positive outlook for General Mills. The company has reiterated its financial targets for FY26, indicating confidence in its strategic initiatives and growth potential. General Mills is focusing on its ‘Remarkability’ framework, which aims to deliver high-quality products at competitive prices, appealing to value-conscious consumers. This approach is already showing promising results, particularly in the North America Retail segment, where price investments are improving volume share and trends.
Additionally, General Mills is making strategic investments in artificial intelligence to enhance its holistic margin management, which is expected to drive future growth. The company is also expanding its presence in the fresh pet food market, a segment projected to grow significantly over the next decade. Despite potential challenges in maintaining historical price/mix growth, Peter Galbo believes that General Mills’ strategic investments and focus on key consumer demographics will support its long-term growth objectives, justifying the Buy rating.
In another report released on October 8, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $57.00 price target.
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GIS in relation to earlier this year.