Bernstein Lowers General Mills (GIS) Price Target After Q2 Earnings Discussion

General Mills, Inc. (NYSE:GIS) ranks among the stocks with the lowest forward PE ratios. On January 13, Bernstein analyst Alexia Howard decreased General Mills, Inc. (NYSE:GIS)’s price target from $54 to $53, while keeping a Market Perform rating on the company’s shares. The change followed a fireside chat on January 5 with General Mills, Inc. (NYSE:GIS) CEO Jeff Harmening and Head of Investor Relations Jeff Siemon, who discussed the company’s Q2 fiscal 2026 earnings.

The General Mills, Inc. (NYSE:GIS) executives reaffirmed their financial outlook for the latter half of fiscal 2026 during the conversation, pointing out that further earnings difficulties are anticipated in the third quarter with a predicted recovery in the fourth.

The company made clear that the 53rd week of the fourth quarter, in addition to $100 million in year-over-year advantages from trade accruals, will add about 30% to the fourth quarter’s year-over-year EBIT growth.

General Mills, Inc. (NYSE:GIS) produces and sells a wide range of branded food products, distributing them through retail channels in the US and international markets.

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Disclosure: None. This article is originally published at Insider Monkey.