Purchase recommendation for $MDLZ (+0,98 %) 💪

On Tuesday, Redburn-Atlantic initiated coverage of Mondelez International (NASDAQ: MDLZ) stock and issued a Buy recommendation with a price target of $82.00.

The firm's analysis suggests that Mondelez stands out among confectionery manufacturers with an expected long-term organic sales growth rate of 4.7% per year. This figure is well above consensus and at the upper end of the company's own long-term growth forecast of 3% to 5%.

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