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. Pixabay/Public Domain As a result, Evercore ISI has reduced its projection for third-quarter consolidated organic s ...