Morgan Stanley raised the firm’s price target on Mondelez (MDLZ) to $72 from $69 and keeps an Overweight rating on the shares. Q1 came in better than expected with a 14% operating profit beat, says the analyst, who sees Q1 profit upside, “solid” organic sales growth and positive consensus EPS revisions likely positioning Mondelez as “an outlier vs. food peers this earnings season.” Momentum in the chocolate portfolio drives improved EPS visibility, the analyst added in a post-earnings note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDLZ:
- Mondelez price target raised to $75 from $71 at TD Cowen
- Mondelez price target raised to $66 from $64 at Piper Sandler
- Mondelez International: Strategic Initiatives and Resilience Drive Buy Rating
- Mondelez International’s Q1 2025 Earnings: A Mixed Bag
- Closing Bell Movers: Snap falls 14% after Q1 results, no guidance