Citi lowered the firm’s price target on General Mills (GIS) to $60 from $67 and keeps a Neutral rating on the shares following the company’s presentation at CAGNY yesterday. General Mills did not revise its FY25 outlook, but its comments suggest a guidance cut is likely when it reports next month, the analyst tells investors. The company also “implicitly talked down” FY26 by increasing the expected dilution from the pending yogurt divestiture by 1% and indicating the extra week will be reinvested, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIS:
- General Mills price target lowered to $65 from $72 at Stifel
- General Mills price target lowered to $70 from $78 at BofA
- General Mills price target lowered to $61 from $64 at Wells Fargo
- General Mills provides update on Accelerate Strategy after five years
- Trump Trade: President says today ‘the big one’ as reciprocal tariffs come