Stifel lowered the firm’s price target on Mondelez (MDLZ) to $70 from $82 and keeps a Buy rating on the shares. The firm, which maintains a Neutral weighting for the Food group, says the group’s valuation discount to historical levels is primarily reflecting the weak revenue outlook and reinvestment requirements pressuring margins. While valuation remains compelling in relation to history for the food stocks, the firm remains cautious given the uncertainty in revenue growth pacing in 2025, noting that estimates 3% EPS growth in 2025 in constant currency for the group, supported by 2% organic sales growth, partially offset by margin compression due to inflation and higher investment levels.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDLZ:
- Mondelez (NASDAQ:MDLZ) and Hershey Cut as Barry Callebaut Says Sky-High Cocoa Prices Weigh on Outlook
- Apple downgraded, Intel upgraded: Wall Street’s top analyst calls
- Mondelez downgraded to Hold from Buy at Jefferies
- Mondelez price target lowered to $63 from $76 at UBS
- Mondelez price target lowered to $70 from $84 at Piper Sandler