General Mills slides near fresh lows as analysts cut targets again
General Mills shares fell about 3% as the stock continued sliding near fresh 52-week lows after another round of Wall Street price-target cuts. A recent Wells Fargo move lowered its target to $33 while keeping an Underweight rating, reinforcing concerns about weak demand and pressured fiscal 2026 outlook.
1. What’s happening in GIS today
General Mills (GIS) traded lower in Monday’s session, down about 3% to roughly $34.45, as the stock remained under pressure near new lows. The move looks tied less to a single headline and more to a continuation of negative sentiment around the company’s growth and earnings trajectory, amplified by recent analyst target cuts and an increasingly bearish setup after the guidance reset earlier in 2026.
2. The key catalyst: targets cut, skepticism persists
The latest notable sell-side pressure came from Wells Fargo, which maintained an Underweight rating while lowering its price target to $33 on April 8, 2026. That cut followed a broader wave of downward revisions from multiple firms in March and early April, keeping attention on a weakening demand backdrop and the company’s reduced fiscal 2026 expectations.
3. Why the market still cares: 2026 outlook and “new-low” dynamics
GIS has been repeatedly linked to concerns about volume softness, heavier promotion, and slowing category trends, with investors reacting sharply when management lowered fiscal 2026 expectations earlier this year. With the stock repeatedly setting or approaching 52-week lows, incremental negative notes can have an outsized impact as systematic and risk-off flows compound selling pressure even without fresh company-specific news.
4. What to watch next
Traders will likely focus on whether additional broker downgrades or target reductions hit the tape, and whether GIS stabilizes above recent lows or breaks to new levels. Investors will also watch for signals that volume trends are improving, promotions are moderating, and the company can defend margins and cash flow—especially given the market’s sensitivity to any perceived risk around the dividend.