Mondelez (MDLZ) Tops Q2 EPS by 7c; offers outlook

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Mondelez International (MDLZ) PT Lowered to $75 at DA Davidson

July 31, 2024 5:09 AM EDT

DA Davidson analyst Brian Holland lowered the price target on Mondelez International (NASDAQ: MDLZ) to $75.00 (from $80.00) while maintaining a Buy rating.

The analyst comments "We arrive at a twelve month price target of $75 (from $82) using ~15.5x forward (24 months) EBITDA estimate of $7,644.8M.... More