Market Overview

UPDATE: Stifel Nicolaus Initiates Mondelez International at Buy on Growth Potential

Related MDLZ
4 Kraft Divisions Ripe For Spinoff (And Some Possible Suitors)
Is Cocoa The New Copper & Coal?
Video Ad Firm Tubemogul Surges in Trading Debut (Fox Business)

Stifel Nicolaus initiated coverage on Mondelez International (NASDAQ: MDLZ) with a Buy rating and a $31 price target.

Stifel Nicolaus noted, "We are initiating coverage of Mondelez with a Buy rating and a $31 target price reflecting our outlook for strong growth prospects related to its advantaged categories, its large developing market exposure, and the potential margin upside courtesy of improved efficiency and increased scale. … We expect this company to set the pace in the food industry given our confidence in its growth algorithm consisting of 5%-7% revenue growth, high single-digit operating profit growth, and double-digit EPS growth model (not including the use of cash)."

Mondelez International closed at $27.85 on Monday.

Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (MDLZ)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional