JP Morgan Maintains Overweight on Mondelez International, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ken Goldman maintains an Overweight rating on Mondelez International (MDLZ) but lowers the price target from $82 to $76.

April 12, 2024 | 3:26 pm
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JP Morgan maintains an Overweight rating on Mondelez International but lowers the price target from $82 to $76.
While the maintenance of an Overweight rating indicates continued confidence in Mondelez International's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in market conditions, valuation concerns, or slightly moderated expectations for the company's future performance. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive stance suggests that any negative impact might be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100