Mondelez International (MDLZ – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Robert Moskow from TD Cowen maintained a Buy rating on the stock and has a $75.00 price target.
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Robert Moskow has given his Buy rating due to a combination of factors that highlight Mondelez International’s potential for growth. Despite a slight miss in organic growth expectations, the company exceeded earnings per share (EPS) forecasts, showcasing resilience in a challenging market. Management’s confidence in a sales rebound in the second quarter, driven by the reversal of one-off factors and favorable foreign exchange impacts, supports this optimistic outlook.
Additionally, Mondelez’s ability to maintain guidance amidst declining consumer confidence sets it apart from its peers. The company plans to reinvest gains from operational efficiencies and foreign exchange favorability into advertising, which is expected to strengthen its market position further. These strategic initiatives, coupled with anticipated improvements in pricing and volume, underpin Moskow’s positive assessment of the stock’s future performance.
Moskow covers the Consumer Defensive sector, focusing on stocks such as Mondelez International, Vital Farms, and Coca-Cola. According to TipRanks, Moskow has an average return of 2.5% and a 50.57% success rate on recommended stocks.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $71.00 price target.