Wells Fargo Maintains Overweight on Mondelez International, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Chris Carey maintains an Overweight rating on Mondelez International but lowers the price target from $82 to $78.
October 30, 2024 | 2:52 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Wells Fargo has maintained its Overweight rating on Mondelez International but has lowered the price target from $82 to $78, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Mondelez's performance, but the lowered price target indicates some caution. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100