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Stocks•26 June 2026•

1 min read

TD Cowen cuts General Mills price target to $31, slashes EPS forecast

Key Facts

1TD Cowen lowered its price target for General Mills (GIS) to $31 from $32, maintaining a Hold rating.

2The firm reduced its fiscal 2027 EPS estimate by 15%, citing an expected 3% decline in core business.

3General Mills recently announced the promotion of Dana McNabb to Chief Operating Officer.

Amid expected weakness in consumer staple demand, TD Cowen lowered its price target for General Mills (GIS) to $31 from $32, while maintaining a Hold rating. The firm cut its fiscal 2027 EPS estimate by 15%, citing a 3% decline in core business, according to Investing.com reports. General Mills recently announced the promotion of Dana McNabb to Chief Operating Officer.

The price target cut comes as the packaged food sector faces pressure from declining volumes and rising input costs. The stock currently trades at $35.40 (close June 25, 2026), roughly 14% above the new target, suggesting potential downside. These developments coincide with weakening consumer confidence in several major economies in June.

Investors are watching the next quarterly results for clues on how core challenges are impacting revenue and profitability. Technically, the new $31 price target could act as a key support level, while resistance sits at the recent high of $35.55. No major near-term economic catalysts are expected to alter the bearish outlook.