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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Read More on MDLZ:
- Mondelez price target raised to $78 from $75 at Deutsche Bank
- Mondelez price target raised to $78 from $75 at Stifel
- Mondelez price target raised to $80 from $77 at TD Cowen
- Mondelez sees FY23 adjusted EPS growth on constant basis16%, prior outlook 12%+
- Mondelez reports Q3 adjusted EPS 82c, consensus 74c
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