General Mills price target lowered to $32 from $37 at TD Cowen

TD Cowen lowered the firm’s terms people connected General Mills (GIS) to $32 from $37 and keeps a Hold standing connected the shares. The steadfast lowered net estimates and terms targets for a fig of ample headdress nutrient makers to bespeak the likelihood of higher input costs stemming from the Iran War and constricted pricing power, adding that nutrient companies are present prioritizing indebtedness simplification to trim hazard aft important borderline erosion successful 2025. The steadfast adds that for a fig of these companies – including Conagra (CAG), Campbell’s (CPB) and General Mills – dividends are astatine hazard if things get worse and “things aren’t looking good.”

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• General Mills telephone measurement supra mean and directionally bullish

• General Mills terms people lowered to $41 from $43 astatine Barclays

• General Mills terms people lowered to $55 from $60 astatine RBC Capital

• General Mills terms people lowered to $35 from $40 astatine UBS

• General Mills terms people lowered to $37 from $45 astatine TD Cowen