Jefferies analyst Scott Marks raised the price target on Mondelez International (NASDAQ: MDLZ) to $73.00 (from $70.00) while maintaining a Buy rating.

The analyst comments "Q2 results beat cons as volumes surprised positive, prompting mgmt to raise its '26 top-line outlook to at least +2% but holding EPS. Rather than bank the upside, mgmt is reinvesting behind brands, innovation, and distribution - a trade of NT margin for durable growth. EM growth remains sounds and NA is inflecting, though Europe stays softer. Mgmt's reinvestment bias tempers NT profit flowthrough but strengthens the multi-year setup."