Deutsche Bank Reinstates Mondelez International (MDLZ) at Hold

November 10, 2016 6:49 AM EST
Get Alerts MDLZ Hot Sheet
Price: $44.92 -0.62%

Rating Summary:
    13 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 13
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Deutsche Bank reinstated coverage on Mondelez International (NASDAQ: MDLZ) with a Hold rating and a price target of $46.

Analyst Mario Contreras said, "We believe Mondelez has solid LT potential incl. good visibility on margins led by manufacturing modernization, ZBB, and global shared services. However, we remain concerned with near-term top line challenges and emerging markets volatility. We see relatively limited upside to current valuation (21x C2017 P/E) and thus retain a HOLD opinion."

For an analyst ratings summary and ratings history on Mondelez International click here. For more ratings news on Mondelez International click here.

Shares of Mondelez International closed at $44.01 yesterday.

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