Piper Sandler Has Lowered Expectations for General Mills (NYSE:GIS) Stock Price

NodeGuardian · 2026-03-03T13:46:06+00:00

Piper Sandler has lowered General Mills' price target from $60 to $53 while maintaining an "overweight" rating, expecting an 18% upside despite lowered sales forecasts. Shares fell 7.1% to around $44.93.

NodeGuardian

2026-03-03 13:46:06

Abstract generation in progress

Piper Sandler has cut its price target for General Mills (NYSE:GIS) from $60.00 to $53.00, though it maintains an “overweight” rating, anticipating an almost 18% upside. The revision follows General Mills’ lowered FY-2026 guidance, projecting a 1.5%–2% organic net sales decline and trimming EPS estimates. This news led to a 7.1% drop in shares, with the stock currently trading near $44.93, while the broader analyst consensus remains a “Hold” with an average price target of $52.56.

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