Mondelez price target lowered to $70 from $76 at Stifel

Stifel lowered the firm’s price target on Mondelez (MDLZ) to $70 from $76 and keeps a Buy rating on the shares after the company reported “a mixed quarter” and lowered 2025 guidance due to weaker category trends in the U.S. and a slight uptick in elasticity in Europe and an incremental inventory destocking headwind. While the firm expects shares to be pressured by the 2025 guidance cut, it believes Mondelez’s recovery potential in 2026 “remains a standout relative to peers,” the analyst tells investors.