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Mondelez International's Buy rating has been reaffirmed by TD Cowen due to favorable pricing and currency impacts. Analyst Robert Moskow lowered Q3 sales and EPS estimates due to European chocolate sales affected by weather, but maintains a positive outlook for the year. Improved earnings in Q4 are expected from favorable exchange rates and strategic pricing in North America. A $75 price target suggests confidence in the company's ability to capitalize on these factors.
Mondelez International (NASDAQ: MDLZ) has seen its buy rating reaffirmed by TD Cowen, with analysts citing favorable pricing and currency impacts as key drivers. Despite a recent downgrade in Q3 sales and EPS estimates due to European chocolate sales affected by weather conditions, the analyst maintains a positive outlook for the year. Improved earnings are expected in Q4, driven by favorable exchange rates and strategic pricing in North America. TD Cowen has set a $75 price target, reflecting confidence in the company's ability to capitalize on these factors.
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