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Mondelez price target lowered to $83 from $86 at Mizuho

Mondelez price target lowered to $83 from $86 at Mizuho

Mizuho lowered the firm’s price target on Mondelez to $83 from $86 and keeps a Buy rating on the shares. The company’s “robust” Q3 sales and earnings beats and potential for another above algorithm year in fiscal 2024 reinforces confidence in its sustainability of peer-leading growth, the analyst tells investors in a research note.

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