From Financial Modeling Prep: 2025-03-17 12:42:00

RBC Capital analysts maintained a Sector Perform rating on General Mills (NYSE:GIS) with a $70 price target, citing ongoing challenges in the packaged food industry that may affect the company’s performance. Retailer inventory fluctuations, weak signals from competitors, and economic uncertainty have led to a revised third-quarter organic growth forecast of -3.1% and earnings per share projections of $0.96.

As a result of a difficult operating environment, RBC anticipates General Mills may lower full-year organic growth guidance and expects earnings to be at the lower end of the forecast range. The firm predicts the company will remain cautious in its outlook due to persistent headwinds in the packaged food sector. Despite being a stable industry player, General Mills may face constraints in near-term performance due to consumer uncertainty and market volatility.



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