Stifel analyst Matthew Smith raised the firm’s price target on Mondelez to $78 from $75 and keeps a Buy rating on the shares. Organic sales and EPS “well above our estimates” reflect the company’s “advantaged categories and strong execution,” says the analyst, who estimates another year of above algorithm organic sales growth in 2024.
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Read More on MDLZ:
- 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
- Mondelēz International Reports Q3 2023 Results
- Notable companies reporting after market close
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