Piper Sandler Maintains Overweight on Mondelez International, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Michael Lavery has maintained an Overweight rating on Mondelez International (NASDAQ:MDLZ), but lowered the price target from $83 to $82.
July 11, 2023 | 2:56 pm
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Mondelez International's price target has been lowered from $83 to $82 by Piper Sandler, though the Overweight rating is maintained.
The news is directly about Mondelez International. While the lowering of the price target might be seen as a negative, the maintenance of the Overweight rating indicates that the analyst still sees the stock as a good investment. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100