General Mills (GIS) Faces Lower Price Target as BofA Revises Industry Outlook

With an annual dividend yield of 7.11%, General Mills, Inc. (NYSE:GIS) is included among the Top 10 High Dividend Stocks to Invest In According to Analysts.

General Mills (GIS) Faces Lower Price Target as BofA Revises Industry Outlook

On May 28, BofA lowered its price recommendation on General Mills, Inc. (NYSE:GIS) to $36 from $42. It retained a Neutral rating on the stock. The move came as the firm updated its sales estimates for several packaged food companies using scanner data collected through May 16.

A few weeks earlier, on May 13, Piper Sandler analyst Michael Lavery cut his price goal on GIS to $41 from $45, citing weaker growth expectations. Despite the lower target, the firm kept its Overweight rating on the shares. Piper Sandler said General Mills appears to be on pace to meet its updated fiscal 2026 guidance, though results are likely to land near the lower end of the company’s forecast range.

General Mills, Inc. (NYSE:GIS) is a global food company that manufactures and markets branded consumer products. Its business is organized into four segments: North America Retail, International, North America Pet, and North America Foodservice.

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