Mondelez price target raised to $82 from $77 at BofA

BofA analyst Bryan Spillane raised the firm’s price target on Mondelez to $82 from $77 and keeps a Buy rating on the shares after the company reported Q1 upside in organic sales and adjusted EPS in what the firm calls "an impressive result." The firm sees the Q1 report suggesting potential for further positive revisions in the balance of the year.