General Mills price target lowered to $68 from $71 at Citi

Citi analyst Thomas Palmer lowered the firm’s price target on General Mills to $68 from $71 and keeps a Neutral rating on the shares. The company reported a fiscal Q4 sales miss and below consensus guidance for fiscal 2025, the analyst tells investors in a research note. The firm does not necessarily think the post-earnings share price decline is unwarranted. It reduced 2025 earnings estimates by 3%, and says there is an element of increased risk to the year, given the magnitude of sales inflection anticipated as the year progresses.