Mondelez price target lowered to $84 from $85 at Bernstein

Bernstein lowered the firm’s price target on Mondelez (MDLZ) to $84 from $85 and keeps an Outperform rating on the shares following quarterly results. The firm notes that although the guide down will no doubt disappoint investors, and sales guidance for 2026 is likely to be at the low end of the 3% – 5% range, Mondelez still has the potential to rebound to a quality growth story in the not-too-distant future.