Jefferies analyst Scott Marks upgraded Mondelez (MDLZ) to Buy from Hold with a price target of $78, up from $66. At Jefferies conference, the company spoke of a strong Easter with share gains in key markets, the analyst tells investors in a research note. The firm says Europe channel data supports the claim. While U.S. retail data indicates a pressured consumer, Mondelez’s dynamics in Europe, improving execution, and easing cocoa prices position the company for earnings upside in 2026 and beyond, the analyst tells investors in a research note.
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