General Mills (GIS) Faces Lower Price Target from JPMorgan on Inflation Concerns

With an annual dividend yield of 7.09%, General Mills, Inc. (NYSE:GIS) is included among the 12 Stocks with Highest Dividend to Invest In Now.

General Mills (GIS) Faces Lower Price Target from JPMorgan on Inflation Concerns

On June 3, JPMorgan lowered its price recommendation on General Mills, Inc. (NYSE:GIS) to $31 from $36. It reiterated an Underweight rating on the stock as part of its fiscal Q4 earnings preview. The firm said inflation and volume pressures could weigh on the company’s fiscal 2027 outlook.

A day earlier, on June 2, UBS reduced its price goal on GIS to $30 from $35. It maintained a Sell rating on the shares. The analyst updated expectations across the food sector to reflect current demand trends and inflation, according to a research note provided to investors.

General Mills, Inc. (NYSE:GIS) is a global manufacturer and marketer of branded consumer food products. The company operates through four segments: North America Retail, International, North America Pet, and North America Foodservice.

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