Citi initiated coverage of Mondelez with a Buy rating and $87 price target. The analyst sees room for additional share price upside and expects Mondelez’s differentiation versus the group to become even more apparent in 2024, aided by incremental pricing actions and continued growth in other regions of the world, which is likely in contrast to the anticipated sales slowdown for its U.S.-centric peers.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MDLZ:
- Mondelez International Details Impact of Divestitures on Finances
- Mondelez sees FY24 adjusted EPS growth high-single digits, consensus $3.52
- Mondelez reports Q4 adjusted EPS 84c, consensus 78c
- Mondelēz International Reports Q4 and FY 2023 Results
- Mondelez options imply 2.9% move in share price post-earnings
