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Fly News Breaks for November 25, 2019
MDLZ
Nov 25, 2019 | 08:58 EDT
Morgan Stanley analyst Dara Mohsenian said that after spending time with Mondelez CEO and CFO said he believes the company's strategy changes should result in accelerating revenue growth driven by both rebounding category growth and Mondelez taking market share. He also foresees multiple expansion for Mondelez shares that is closer to multinational consumer packaged goods peers than "U.S.-centric food peers." Mohsenian keeps an Overweight rating and $60 price target on Mondelez shares.
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