Analysts Diverge on General Mills: BofA Stays Bullish with Trimmed Target, Mizuho Holds Neutral

General Mills, Inc. (NYSE:GIS) is one of the Best Stagflation Stocks to Buy Now. On June 26, 2025, Bank of America reaffirmed its confidence in General Mills (NYSE:GIS), and maintained a Buy rating despite trimming its price target from $63 to $61. The analysts believe the company’s fiscal 2026 guidance, though conservative, is achievable and that the market may have overreacted to recent forward-looking statements.

Analysts pointed to General Mills’ long history of operational consistency and a still-strong dividend yield – now hovering near 4.7% – as key reasons to remain constructive. The note emphasized that while the path ahead includes some execution risk, especially in managing trade promotions and category reinvestments, the overall valuation remains attractive for long-term defensive positioning.

On the same day, Mizuho took a more tempered view, reiterating a Neutral stance and holding its price target steady at $60. Their analysts highlighted that while a majority of General Mills’ North American retail business is holding or gaining market share, macro uncertainty and shifting consumer behavior make near-term upside less certain. They acknowledged the company's efforts to balance cost efficiency with innovation, particularly its push into fresh pet food, but chose to remain on the sidelines until there’s clearer evidence that growth initiatives are translating into stronger volume trends.

General Mills (NYSE:GIS) is one of the largest packaged food companies in the United States, known for brands like Cheerios, Betty Crocker, Pillsbury, Haagen-Dazs, Nature Valley, and Blue Buffalo.

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