Wells Fargo lowers price target for GIS due to weak consumer demand

From Yahoo Finance: 2025-06-21 15:39:00

General Mills, Inc. (NYSE: GIS) is listed as one of the 7 best future food stocks to buy according to analysts. Wells Fargo recently lowered the price target for GIS from $61 to $55 due to weak consumer demand and challenges in snacks and pet food segments.

General Mills is investing $100 million in operational improvements to fuel future growth and innovation in its key food brands. GIS manufactures and sells a variety of branded consumer foods worldwide, with a focus on health-conscious options.

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Read more: Wells Fargo Lowers PT for General Mills, Inc. (GIS) Amid Weak Consumer Demand