Mondelez price target lowered to $69 from $75 at RBC Capital

RBC Capital lowered the firm’s price target on Mondelez (MDLZ) to $69 from $75 and keeps an Outperform rating on the shares. The company reported “soft” Q4 results and issued below-consensus FY25 profitability guidance as elevated cocoa prices continue to strain margins, the analyst tells investors in a research note. RBC adds however that the buyside was likely already bracing for impact given recent moves in cocoa prices and FX rates, which likely softens the blow.