Evercore ISI lowered the firm’s price target on Mondelez (MDLZ) to $75 from $85 and keeps an Outperform rating on the shares. Historic levels of underperformance have set “a low bar” for the U.S. Food group, but heading into 2025, the firm will be watching for signs of stabilizing volume and improved earnings delivery, the analyst tells investors in an outlook note for the sector.
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