JP Morgan Maintains Overweight on Mondelez International, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ken Goldman has maintained an Overweight rating on Mondelez International (NASDAQ:MDLZ) but has reduced the price target from $84 to $82.

November 29, 2023 | 7:55 pm
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JP Morgan has maintained an Overweight rating on Mondelez International but lowered the price target from $84 to $82.
While the reduction in price target could suggest a slightly less optimistic view on the stock's valuation, the maintenance of an Overweight rating indicates that JP Morgan still sees Mondelez as a favorable investment. The impact on the stock price is likely to be neutral in the short term as the rating remains positive despite the lower target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100