Evercore Lowers Mondelez (MDLZ) Price Target Amid Rising Price Sensitivity

Mondelez International, Inc. (NASDAQ:MDLZ) ranks among the top picks for a retirement portfolio. On September 26, Evercore ISI maintained its Outperform rating on Mondelez International, Inc. (NASDAQ:MDLZ) but lowered its price target from $73 to $72. One of the main reasons for the snack food giant’s slower sales growth, according to the firm, is increasing price elasticity across Europe.

As a result, Evercore ISI has reduced its projection for third-quarter consolidated organic sales to 3.5%, which is less than the 4.5% consensus expectation. In addition, the firm lowered its expectation for organic sales growth in 2025 from 5% to 4.4%. Analysts cautioned that short-term sales risk might push Mondelez International, Inc. (NASDAQ:MDLZ) stock down 5–10%, putting it at the lower end of its 10-year price-to-earnings range of 18x.

Even with these immediate worries, Evercore ISI still considers Mondelez International, Inc. (NASDAQ:MDLZ) to be “a solid long-term growth story at a reasonable price.”

Mondelez International, Inc. (NASDAQ:MDLZ), often known as Mondelēz International, is a Chicago-based international firm that specializes in confectionery, cuisine, drinks, and snacks.

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Disclosure: None. This article is originally published at Insider Monkey.