Mondelez International (MDLZ) PT Raised to $76 at Jefferies, Remains Top Large-Cap Food Pick for 2022

January 5, 2022 8:14 AM EST
Get Alerts MDLZ Hot Sheet
Price: $62.65 +2.64%

Rating Summary:
    24 Buy, 3 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 12 | New: 20
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Jefferies analyst Rob Dickerson raised the price target on Mondelez International (NASDAQ: MDLZ) to $76.00 (from $72.00) while maintaining a Buy rating and named it its top large-cap food pick for 2022.

The analyst commented, "Amidst a slew of food company outlooks pointing to near-term pressures driven by cost/price timing deltas and supply chain disruptions, Mondelez continues to post solid topline growth driven by category positioning, geographic diversification, and market share gains. With that, MDLZ remains our top large-cap food pick in 2022, as it provides advantaged growth vs. peers, capital allocation flexibility, and the defensive qualities desired in a core holding."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Jefferies & Co