Barclays Lowers General Mills (GIS) Target, Notes Limited Sales Progress

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Barclays recently lowered its price target for General Mills (GIS) from $46 to $43, reiterating an Equal Weight rating, noting that while pricing investments have slowed volume declines, overall sales growth has not yet materialized. This follows Wells Fargo’s earlier downgrade of GIS to Underweight with a reduced price target of $35, citing concerns over higher leverage, elevated dividend payout ratios, and earnings risk for the food company. General Mills operates globally across North America Retail, International, North America Pet, and North America Foodservice segments.

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