TD Cowen lowered the firm’s price target on Mondelez to $79 from $83 and keeps a Buy rating on the shares. The firm lowered their 2024 and 2025 EPS on Mondelez to reflect significantly higher cocoa costs in 2025 and perhaps some heightened U.S. price discounting in 2024.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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:
- Mondelez price target lowered to $79 from $80 at Evercore ISI
- Mondelez price target lowered to $76 from $80 at Wells Fargo
- Mondelēz International to Invest More than $5 Million USD in Biscuit and Baked Snacks Lab and Innovation Kitchen in Singapore
- Mondelēz International Declares Regular Quarterly Dividend of $0.425 per share
- CLIF BAR Re-Launches “Loop the Lincoln” to Advance Organic Food and Farming Initiatives