TD Cowen analyst Robert Moskow raised the firm’s price target on Mondelez (MDLZ) to $75 from $71 and keeps a Buy rating on the shares. The firm said they were encouraged to hear management’s strong confidence in a sales rebound in 2Q due to one-off factors reversing or going away and that FX favorability will fully drop to the bottom line.
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Read More on MDLZ:
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