Morgan Stanley analyst Pamela Kaufman raised the firm’s price target on Mondelez to $75 from $69 and keeps an Overweight rating on the shares. Supported by continued defensive market positioning and relatively stable fundamentals, she sees packaged food stocks sustaining their relative outperformance in 2023, Kaufman tells investors.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on MDLZ:
- Bubble Pops as Mondelez Spits Out Gum Brands
- Hershey among brands called out by Consumer Reports for lead exposure
- Mondelēz International Announces Agreement to Sell Its Developed Market Gum Business to Perfetti Van Melle
- Mondelez to sell developed-market gum business to Perfetti Van Melle for $1.35B
- Mondelez price target raised to $77 from $72 at Piper Sandler
