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Fly News Breaks for February 11, 2016
MDLZ
Feb 11, 2016 | 08:33 EDT
Bernstein says that Mondolez's new margin target of 17%-18% is "encouraging," but the firm thinks the company can exceed that target. Bernstein calls the company's guidance for 2%+ organic sales growth this year "disappointing," but it thinks the outlook could be "somewhat conservative." The firm keeps a $52 price target and Outperform rating on the shares.
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