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Stock impact report

Wells Fargo Updates 2026 Assumptions, Lowers General Mills (GIS) Price Target [Yahoo! Finance]

General Mills, Inc. (GIS) 
Last general mills, inc. earnings: 3/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.generalmills.com
Company Research Source: Yahoo! Finance
Wells Fargo trimmed its price target on General Mills, Inc. (NYSE:GIS) to $49 from $51. The firm kept an Equal Weight rating on the stock. The adjustment came as the firm rolled multiple models together across beverages, food, and household and personal care, prompting updated targets that stretch into 2026. The change was reiterated in a January 5 note, again citing the broader model aggregation as the main driver rather than a company-specific shift. Earlier, on December 17, General Mills, Inc. (NYSE:GIS) posted second-quarter results that beat expectations on both sales and profit. Demand stayed resilient as cost-conscious consumers continued to eat more meals at home instead of dining out. That trend supported sales of pantry staples and breakfast items, including brands such as Pillsbury. Consumer sentiment in the US showed some improvement in early December, though spending behavior remained cautious. Elevated prices and uncertainty around the labor market kept shoppers foc Show less Read more
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