BofA Remains Bullish on General Mills (GIS) - Here's Why
General Mills, Inc. (NYSE:GIS) is one of the best natural and organic food stocks to buy now. BofA cut the price target on General Mills, Inc. (NYSE:GIS) to $55 from $61 on February 17 while maintaining a bullish outlook. It assigned a Buy rating to the stock after the company presented at CAGNY earlier the same day, issuing a press release lowering its FY26 outlook. The firm lowered its fiscal year 2026 adjusted EPS forecast to $3.44 from $3.70 following the guidance cut. BofA stated that the current valuation “bakes in short-term pressures” in North America Retail, acknowledging that certain tailwinds will help offset.
General Mills, Inc. (NYSE:GIS) updated its full-year fiscal 2026 outlook on February 17 amid a “challenging consumer environment”, stating that increased uncertainty, weak consumer sentiment, and considerable volatility have affected consumer purchase patterns and weighed on category growth. This has resulted in a slower pace and higher cost of volume recovery than initially expected, which is why the company now expects its organic net sales to be down 1.5% to 2%, compared to the previous range of down 1% to up 1%. In addition, General Mills, Inc. (NYSE:GIS) expects the adjusted operating profit and adjusted diluted EPS to be down 16% to 20% in constant currency, compared to the previous range of down 10% to 15% in constant currency.
General Mills, Inc. (NYSE:GIS) manufactures and markets branded consumer foods, including natural and organic food items. The company’s brand portfolio includes Annie’s, Betty Crocker, Cheerios, Wheaties, and more. Its operations are divided into the North America Retail, International, North America Pet, and North America Foodservice segments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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