Freedom Broker downgrades Mondelez stock rating on cocoa price concerns
Investing.com – Freedom Broker downgraded Mondelez International (NASDAQ:MDLZ) to Hold from Buy on Thursday, maintaining a price target of $71. The stock currently trades at $60.73, suggesting potential upside of 17% to the analyst’s target. The firm cited rising cocoa prices as a key factor behind the rating change. Cocoa prices reached their highest level…
