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Fly News Breaks for August 7, 2019
Aug 7, 2019 | 17:22 EDT
As previously reported, Morgan Stanley analyst Dara Mohsenian upgraded Mondelez to Overweight with an unchanged price target of $62. The analyst cites increased confidence in the company's expected sales growth and sees the management's "positive strategy changes" already working, saying the stock should re-rate closer to multinational CPG peers than US-centric food peers.