Reported 1 day ago
Wells Fargo has lowered the price target for General Mills, Inc. (GIS) from $61 to $55, maintaining an 'Equal Weight' rating as consumer demand remains weak. The downgrade is attributed to short-term challenges in consumer confidence and difficulties within the snacks and pet food segments. Despite these issues, General Mills aims to drive innovation and will invest $100 million for operational enhancements to support future growth.
Source: YAHOO