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Street View: Mondelez's strength in innovation to boost growth

By Reuters News

** Cadbury-parent Mondelez International MDLZ.O beat Wall Street expectations for third-quarter profit on Thursday, supported by favorable cocoa prices and higher pricing across key regions, including North America

** Shares up 6.4% at $66.53 premarket


WINNING AT THE SHELF

** Piper Sandler ("neutral", PT: $66) says company has a strong innovation pipeline, which supports value proposition for customers

** J.P.Morgan ("overweight", PT: $72) says lower cocoa costs and volume-led growth are expected to drive gains next year

** Jefferies ("buy", PT: $75) says "with share gains, innovation, and EM runway, MDLZ is firing on all cylinders and better positioned than peers"

** Morningstar (fair value: $77) says results indicate MDLZ's investments in consumer-valued innovation and marketing are "winning at the shelf"

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