Goldman Sachs Starts Mondelez International (MDLZ) at Conviction Buy
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Price: $31.23 -1.7%
Rating Summary:
10 Buy, 4 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
10 Buy, 4 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade MDLZ Now!
Goldman Sachs reinstates coverage on Kraft (NYSE: KFT) spin-off Mondelez International (NASDAQ: MDLZ) (NASDAQ: MDLZV) with a Conviction Buy list rating and $32 price target, suggesting 21% upside.
The firm said Mondelez is uniquely positioned at the intersection of two secular trends: growth of emerging markets and developed market snack consumption.
"Analysis of category potential and whitespace opportunities suggests long-term 5%-7% top-line growth is achievable, which we believe can be amplified with modest
margin expansion and below-the-line leverage to deliver consistent double-digit EPS growth," the analyst said. "We see opportunity for investors to be rewarded with compounded earnings growth and near-term multiple expansion."
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 $ yesterday, with a 52 week range of $-$.
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The firm said Mondelez is uniquely positioned at the intersection of two secular trends: growth of emerging markets and developed market snack consumption.
"Analysis of category potential and whitespace opportunities suggests long-term 5%-7% top-line growth is achievable, which we believe can be amplified with modest
margin expansion and below-the-line leverage to deliver consistent double-digit EPS growth," the analyst said. "We see opportunity for investors to be rewarded with compounded earnings growth and near-term multiple expansion."
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 $ yesterday, with a 52 week range of $-$.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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