Sep. 2 at 12:42 PM
$GIS BofA bumps PT to
$43 (from
$39), keeps Neutral
Bank of America lifts General Mills target to
$43 from
$39, maintaining a Neutral stance following a fireside chat with CFO Kofi Bruce.
Early FY27 category performance and Nielsen data are tracking modestly ahead of expectations.
While near-term trends show incremental improvement, BofA views it as too early to extrapolate the strength across the full fiscal year.