RBC Capital Cuts PT on General Mills (GIS) to $55 From $60 – Here’s Why

General Mills, Inc. (NYSE:GIS) is one of the best undervalued defensive stocks for 2026. RBC Capital cut the price target on General Mills, Inc. (NYSE:GIS) to $55 from $60 on March 19, maintaining an Outperform rating on the shares and telling investors in a research note that the company delivered a mixed quarter with performance affected by weather. However, it added that General Mills, Inc. (NYSE:GIS) maintained fiscal year 2026 guidance as these dynamics are anticipated to reverse in fiscal Q4. Barcla ...