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General Mills is on watch after Piper Sandler warns of a potential dividend cut
Detailed summary
Analyst rates General Mills a Neutral: Piper Sandler sets a $35 target, and a roughly 35% FY28 dividend cut could restore its payout ratio to 50%.
Piper Sandler lowered its rating on General Mills (GIS) to Neutral from Overweight to Neutral as it warned about ongoing operating pressures and a heightened risk of a dividend cut.
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