Mondelez up after J.P.Morgan PT raise

Shares of Cadbury parent Mondelez International MDLZ.O up 2% at $67.28

J.P.Morgan raises price target to $74 from $64

Due to its category and geographic exposure, JPM looks for MDLZ's long-term organic sales growth to outpace that of the average large-cap U.S. packaged food producer

JPM says that currency is looking like much less of a headwind than when MDLZ issued forecast in February

2025 will be a down year, mostly because of factors not related to demand, that is cost inflation - brokerage

19 of 29 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $70, according to data compiled by LSEG

Up to Thursday's close, stock had risen 10.5% YTD