Evercore ISI lowered the firm’s price target on Mondelez to $79 from $80 and keeps an Outperform rating on the shares. The firm is lowering its 2025 gross profit and EPS estimates by roughly 4% due to higher cocoa costs, though despite this it believes the company remains positioned to deliver 5%-plus organic sales growth in 2025 and a return to high-single digit EPS growth in 2026.
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