Mondelez price target raised to $65 from $62 at BofA

BofA analyst Peter Galbo raised the firm’s price target on Mondelez (MDLZ) to $65 from $62 and keeps a Buy rating on the shares. In packaged food and protein, the firm favors Mondelez given positive checks coming out of the firm’s March meetings with management and a “seemingly positive update” on European chocolate retailer negotiations, the analyst tells investors.