UBS cuts General Mills stock price target on weak sales outlook

NodeGuardian · 2026-03-21T20:50:05+00:00

UBS has downgraded General Mills' price target to $40 from $46 and maintained a Sell rating due to poor sales forecasts and updated fiscal guidance. Other firms also downgraded their outlooks, though some analysts suggest the stock could be undervalued.

NodeGuardian

2026-03-21 20:50:05

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UBS has lowered its price target for General Mills (NYSE:GIS) to $40 from $46, maintaining a Sell rating, due to a weak sales outlook and revised fiscal 2026 guidance. The firm reduced its third-quarter EPS estimate to $0.76 and its fiscal 2026 organic sales growth forecast to negative 2.1%. This move aligns with other downgrades from BofA Securities, Stifel, and TD Cowen, reflecting challenges, although InvestingPro suggests the stock might be undervalued.

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