Piper Sandler raised the firm’s price target on Mondelez to $78 from $76 and keeps an Overweight rating on the shares. The firm notes Mondelez reported better than expected Q2 EPS and nudged up revenue guidance. While an acceleration is required to hit higher revenue guidance, Piper has a line of sight on improvement in the EU and Mexico from putting disruptions in the rearview mirror.
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:
- MDLZ Earnings this Week: How Will it Perform?
- Mondelez appoints Filippo Catalano as Chief Information and Digital Officer
- Mondelēz International Names Filippo Catalano Chief Information and Digital Officer
- Mondelez price target lowered to $75 from $80 at Stifel
- Mondelez price target lowered to $76 from $80 at Barclays