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Fly News Breaks for December 5, 2019
MDLZ
Dec 5, 2019 | 09:22 EDT
Buckingham analyst Eric Larson maintained a Buy rating and $62 price target on Mondelez, telling investors in a research note that he believes Mondelez is well-positioned long-term behind a growing snacking category, emerging market exposure and increased marketing investment. The stock is still relatively expensive on EV/EBITDA, but Larson says there could be conservatism in his sales outlook.
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