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.
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Read More on MDLZ:
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