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Fly News Breaks for January 22, 2020
MDLZ
Jan 22, 2020 | 17:31 EDT
Jefferies analyst Rob Dickerson initiated coverage of Mondelez with a Buy rating and $65 price target. The analyst says the company is "advantageously positioned in faster-growth snacking categories" with exposure to faster growth markets. Dickerson is positive on the stock based on its long-term growth potential combined with strategic optionality in spite of its near-term headwinds in Latin America as well as "light pricing environment" in Europe.
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