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Fly News Breaks for June 3, 2015
MDLZ
Jun 3, 2015 | 07:14 EDT
Bernstein says that Mondolez's margins are starting to rise and could exceed expectations. The firm thinks the company's revenue could start to accelerate in 2H15, and it believes that investors' interest in the story could start to build in the near-term. Bernstein raised its price target on the name to $50 from $46, keeps an Outperform rating on the stock, and ocntinues to identify it as its top pick.
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