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Fly News Breaks for September 25, 2015
MDLZ
Sep 25, 2015 | 08:08 EDT
Noting that Hershey's (HSY) sales and operating margin dropped sharply between 2005-2008 before jumping between 2009-2013, Bernstein indicates that it believes that Mondolez (MDLZ) could potentially execute a similar turnaround and actually faces easier headwinds than Hershey did. The firm believes that Mondolez's EPS could reach $3.19 by 2019 if it's able to replicate Hershey's success, potentially allowing Mondolez's stock to climb to $70 in three years. The firm keeps a $53 price target and Outperform rating on the shares.
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