Mondelez International, Inc. (NASDAQ: MDLZ) is a top pick in the food industry, named among the consumer defensive stocks to buy by analysts. Despite current challenges, there is potential for second-half upside if demand-focused initiatives pay off. Jefferies maintains confidence in companies with margin improvement potential.

Piper Sandler reduced Mondelez International, Inc.’s price target to $62 from $63, citing various factors impacting the company. However, Megan Alexander of Morgan Stanley reaffirmed a ‘Buy’ rating with a price target of $64, reflecting an 18% upside potential. The stock has a median price target of $69 and a ‘Buy’ or equivalent rating from 71% of analysts.

Mondelez International, Inc. (NASDAQ: MDLZ) is an Illinois-based company specializing in snack food and beverage products. Founded in 2000, the company is focused on empowering people to snack right. Despite its potential as an investment, some believe other AI stocks offer greater upside potential with less downside risk.

Read more at Yahoo Finance: Mondelez International, Inc. (MDLZ) Makes Jefferies’ Preferred Picks List in Food Sector