TD Cowen raised the firm’s price target on Mondelez (MDLZ) to $65 from $62 and keeps a Buy rating on the shares. The firm said Mondelez guided 2026 below consensus with organic growth of 0-2% accounting for possibility of chocolate competitors lowering price before they do and continued volume declines in North America.
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Read More on MDLZ:
- Mondelez price target lowered to $68 from $70 at Stifel
- Mondelez price target raised to $66 from $65 at Morgan Stanley
- Mondelez price target lowered to $67 from $69 at JPMorgan
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