B of A Securities Maintains Buy on Mondelez International, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Bryan Spillane has maintained a 'Buy' rating on Mondelez International (NASDAQ:MDLZ), but lowered the price target from $82 to $78.
October 17, 2023 | 6:40 pm
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NEUTRAL IMPACT
Mondelez International's price target has been lowered from $82 to $78 by B of A Securities, though the 'Buy' rating is maintained.
The lowering of the price target by B of A Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside in the stock, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100