TD Cowen analyst Robert Moskow raised the firm's price target on General Mills to $32 from $31 and keeps a Hold rating on the shares. The firm updated its model following its Q4 earnings beat and in-line guidance for FY2027. Cowen attributes the out-sized reaction in the shares to short covering and an over-abundance of pessimism from the buy-side ahead of the print rather than investors fundamentally turning positive.
