BTIG Initiates Coverage of General Mills (GIS)

General Mills, Inc. (NYSE:GIS) is one of the 12 Oversold Blue Chip Stocks to Buy According to Analysts. On April 13, 2026, BTIG initiated coverage of General Mills, Inc. (NYSE:GIS) with a Neutral rating and no price target. BTIG said growth fundamentals remain pressured, citing uncertainty around outcomes from the Remarkability playbook, a leveraged balance sheet, and valuation that is not significantly discounted relative to U.S. food peers, while noting potential upside from a reversion in growth.

On April 8, 2026, Wells Fargo lowered its price target on General Mills, Inc. (NYSE:GIS) to $33 from $35. Wells Fargo said it is reducing estimates across the sector ahead of earnings, with revisions driven by company-specific commodity cost assumptions and margin outlook tied to inflation trends through 2026 and 2027, with recovery expected into 2028.

BTIG Initiates Coverage of General Mills (GIS)

Last month, General Mills, Inc. (NYSE:GIS) reported Q3 adjusted EPS of 64c versus the 73c consensus estimate, with revenue of $4.37B compared to the $4.43B consensus. CEO Jeff Harmening said the company is reaffirming fiscal 2026 guidance, noting improved competitiveness from its “Remarkability playbook,” and expects stronger organic sales trends and a return to earnings growth in Q4, with further improvement anticipated in fiscal 2027 driven by prior investments and cost efficiency initiatives.

General Mills, Inc. (NYSE:GIS) produces and sells branded consumer food products globally.

While we acknowledge the risk and potential of GIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GIS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.