Stifel raised the firm’s price target on Mondelez to $81 from $78 and keeps a Buy rating on the shares. The firm maintains a Neutral weighting for the Americas Food group, citing a valuation that is discounted compared to its history, pressured by weak volumes and an uncertain volume recovery. Stifel believes investors should remain selective in their ownership and Mondelez is one of the Buy-rated stocks it recommends.
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