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Fly News Breaks for September 24, 2018
MDLZ
Sep 24, 2018 | 07:34 EDT
UBS analyst Steven Strycula said the recent analyst day at Mondelez reinforced his conviction in his Buy thesis, stating that guidance was conservative and that long-term targets were credible. The analyst sees three value drivers: leadership fostering a more sales-oriented culture; the company removing internal business barriers to help it deliver improved sales growth; and the company's plans to use bolt-on deal and divestitures to create shareholder value. Strycula reiterated his Buy rating and $51 price target on Mondelez shares.
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