Mondelez stock rises 3% after Wells Fargo upgrades rating and raises price target

From Yahoo Finance: 2025-06-20 14:23:00

Shares of Mondelez International, the parent company of Chips Ahoy!, have risen by 15% this year. The stock saw a significant boost after Wells Fargo upgraded its rating and increased its price target on the snacks and candy giant to $78. Analysts believe the company is well-positioned to handle inflation and anticipate a recovery in earnings. Mondelez International shares were up over 3% to $68.50 in recent trading.

Read more: Mondelez Stock Gains as Wells Fargo Upgrades Rating, Raises Price Target