Piper Sandler lowered the firm’s price target on General Mills to $76 from $77 and keeps an Overweight rating on the shares. Piper expects General Mills to continue positioning itself for sustainable organic revenue growth, as it continues to invest in its brands and optimize its portfolio, the analyst tells investors in a research note. However, the firm lowered its volume growth estimates in FY24 and FY25 to allow for more conservative estimates.
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