Stifel Lowers General Mills (GIS) Target, Sees Slower Sales Growth Ahead

Stifel lowered its price target for General Mills (GIS) to $40 from $44 but reiterated a Buy rating, citing pressure on food group earnings due to weak volume growth, compressing margins from reinvestment needs, and potentially slower sales growth. BTIG also initiated coverage with a Neutral rating, expressing concerns about growth fundamentals, the “Remarkability playbook,” a levered balance sheet, and valuation relative to peers. General Mills is a global manufacturer of branded consumer foods.

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