Mondelez downgraded by Wells Fargo on macro woes

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Go back to Mondelez downgraded by Wells Fargo on macro woes

Mondelez International (MDLZ) PT Lowered to $71 at Citi

January 8, 2025 5:12 AM EST

Citi analyst Thomas Palmer lowered the price target on Mondelez International (NASDAQ: MDLZ) to $71.00 (from $78.00) while maintaining a Buy rating.

The analyst comments "We are lowering estimates for Sell-rated HSY and Buy-rated MDLZ, mainly to reflect mounting cocoa inflation. The cocoa... More