Citigroup Maintains Buy on Mondelez International, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Mark Palmer maintains a Buy rating on Mondelez International (MDLZ) but lowers the price target from $87 to $84.

April 11, 2024 | 4:30 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Mondelez International but lowers the price target from $87 to $84.
While the reduction in price target from $87 to $84 by Citigroup could suggest a slight adjustment in valuation expectations, the maintenance of a Buy rating indicates a continued positive outlook on the company's fundamentals. This mixed signal might lead to a neutral short-term impact on MDLZ's stock price as investors weigh the lowered price target against the reaffirmed confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100