Evercore ISI lowered the firm’s price target on Mondelez (MDLZ) to $72 from $73 and keeps an Outperform rating on the shares. Higher price elasticity in Europe is slowing sales growth, prompting a reduction in the firm’s 2025 organic sales forecast to 4.4%. However, despite current headwinds, the firm sees a path to EPS growth by 2026 and calls Mondelez “a compelling long-term play with a reasonable valuation.”
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