BofA lowered the firm’s price target on Mondelez (MDLZ) to $65 from $78 and keeps a Buy rating on the shares. The 2025 outlook “disappointment” is driven by greater negative impact from cocoa inflation than expected, but rebased FY25 EPS expectations “represent a realistic base” for Mondelez earnings to grow into 2026, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDLZ:
- Mondelez price target lowered to $56 from $63 at Piper Sandler
- Mondelez price target lowered to $54 from $61 at Wells Fargo
- Mondelez International Reports Solid 2024 Earnings
- Closing Bell Movers: Alphabet down over 7% after Q4 results
- MDLZ Earnings: Mondelez International’s Stock Drops 5% on Earnings Miss