Jefferies downgraded Mondelez (MDLZ) to Hold from Buy with a price target of $62, down from $75. The firm’s work on cocoa makes it more cautious on Mondelez than it was in 2024. It sees a higher likelihood of structural supply issues that limits Mondelez’s “safety stock” status and says shorter-duration buying needs will keep prices elevated for longer.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDLZ: