Mondelez price target lowered to $84 from $85 at Berenberg

Berenberg lowered the firm’s price target on Mondelez (MDLZ) to $84 from $85 and keeps a Buy rating on the shares. Following Mondelez’s Q3 results, management continues to forecast organic growth at the upper end of its 3%-5% range for 2024, the analyst tells investors in a research note.