Mondelez price target lowered to $62 from $69 at BofA

BofA lowered the firm’s price target on Mondelez (MDLZ) to $62 from $69 and keeps a Buy rating on the shares. Entering 2026, the largest unresolved question for staples remains consumption growth and valuations remain dispersed across the group, but “there feels little to get them off the sidelines in ’26 until fundamentals signal a greater turning of the tide,” the analyst tells investors in a year-ahead note for the consumer staples group.