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Mondelez price target raised to $64 from $62 at Piper Sandler

Piper Sandler analyst Michael Lavery raised the firm’s price target on Mondelez (MDLZ) to $64 from $62 and keeps a Neutral rating on the shares. The firm notes the company reported Q4 top-line and EPS results roughly in-line with expectations, but guidance reflects top-line pressure from EU disruptions from pricing negotiations and sharply lower pricing contributions.

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