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BUZZ-Mondelez up after J.P.Morgan PT raise

Reuters
Apr 12
BUZZ-Mondelez up after J.P.Morgan PT raise

** Shares of Cadbury parent Mondelez International MDLZ.O up 2% at $67.28

** J.P.Morgan raises price target to $74 from $64

** Due to its category and geographic exposure, JPM looks for MDLZ's long-term organic sales growth to outpace that of the average large-cap U.S. packaged food producer

** JPM says that currency is looking like much less of a headwind than when MDLZ issued forecast in February

** 2025 will be a down year, mostly because of factors not related to demand, that is cost inflation - brokerage

** 19 of 29 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $70, according to data compiled by LSEG

** Up to Thursday's close, stock had risen 10.5% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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