DA Davidson analyst Brian Holland lowered the firm’s price target on Mondelez (MDLZ) to $62 from $65 and keeps a Neutral rating on the shares after its Q3 results and guidance. The evolution of the consumer and competitive landscape in developed markets is key to restoring earnings power, assuming that cocoa prices continue to revert, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MDLZ:
- Kenvue names Jonathan Halvorson Chief Digital and Marketing Officer
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- MDLZ,HSY: Chocolate Stocks Get a Treat with Cocoa Price Drop and Halloween Frenzy
- Mondelez upgraded to Buy from Sell at DZ Bank
- Mondelez price target lowered to $67 from $71 at Barclays