Evercore Lowers Mondelez (MDLZ) Price Target Amid Rising Price Sensitivity
Mondelez International, Inc. (NASDAQ:MDLZ) ranks among the top picks for a retirement portfolio. On September 26, Evercore ISI maintained its Outperform rating on Mondelez International, Inc. (NASDAQ:MDLZ) but lowered its price target from 72. One of the main reasons for the snack food giant’s slower sales growth, according to the firm, is increasing price elasticity across Europe. Pixabay/Public Domain As a result, Evercore ISI has reduced its projection for third-quarter consolidated organic s ...