RBC Reiterates Outperform Rating on Mondelez (MDLZ) Following Q4

RBC Capital Markets analyst David Palmer reiterates Outperform rating and $54 price target on Mondelez International (NASDAQ: MDLZ), citing double-digit EPS growth from the company, despite macro headwinds.

Palmer comments, “We are maintaining our 2017 and 2018 EPS estimates despite the slight 4Q16 miss. While competitive trade spending and certain macro headwinds hampered growth in 4Q, we believe improving revenue trends from innovation and step-ups in productivity will help to deliver sustained double-digit EPS growth. We also envision upside to the stock with the help of potential M&A.”

For an analyst ratings summary and ratings history on Mondelez International click here. For more ratings news on Mondelez International click here.

Shares of Mondelez International closed at $43.93 yesterday.

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