Barclays lowered the firm’s price target on Mondelez (MDLZ) to $63 from $69 and keeps an Overweight rating on the shares. The company guided to a deeper than estimated cocoa-related earnings decline in 2025, which includes multiple waves of pricing still to come and a stable volume elasticity assumption, and moderated its 2026 commentary by committing to earnings growth in 2026, the analyst tells investors in a research note.
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