Credit Suisse Reiterates Outperform on Mondelez International Following Recent Management Meetings

In a report published Friday, Credit Suisse analyst Robert Moskow reiterated an Outperform rating and $36.00 price target on Mondelez International MDLZ. In the report, Credit Suisse noted, “In our recent meetings with Mondelez management in China, we gained a deeper appreciation for the size of the investment they have made in the region and how well the company is positioned for the long-term growth of per capita consumption of snacks. After years of expanding the breadth of its sales coverage into new cities to increase distribution of Oreos, the company is now transitioning its focus to improving the depth of its distribution in the ‘Hot Zone' where consumers make impulse purchases. This transition enabled the successful launch of Stride gum last year, and we think it has given the company the tools and experience required to eventually launch Cadbury chocolate. We dig deeper into the details of Mondelez' sales force coverage strategy in this report.” Mondelez International closed on Thursday at $31.19.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorReiterationAnalyst RatingsCredit SuisseRobert Moskow
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!