Mondelez Int'l (MDLZ): Mixed Data Points, Cutting Estimates But Not Rating Or PT - RBC
Get Alerts MDLZ Hot Sheet
Rating Summary:
27 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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RBC Capital analyst, David Palmer, reiterated his Outperform rating on shares of Mondelez International (NASDAQ: MDLZ) but cut EPS estimates to reflect a sequential slowdown in US pricing (due to higher promotional spending) and continued deterioration of the British pound (9–10% of MDLZ global sales).
However, the analyst continues to see upside to the company's internal cost savings targets and believes Kraft Heinz remains a likely bidder for the company in '17.
No change to the $54 price target.
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 $42.21 yesterday.
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