Evercore ISI lowered the firm’s price target on General Mills to $72 from $76 and keeps an In Line rating on the shares. The company s navigating a period of post-COVID market share loss to more available private label and promotional competitors, the analyst tells investors in a research note. The firm reduced fiscal 2025 and 2026 estimates to reflect General Mills’ investments, more gradual pace of volume recovery, and tough gross margin and compensation comparisons.
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