NEW YORK (TheStreet) -- Shares of Mondelez International Inc (MDLZ) were gaining, up 0.59% to $40.60 in pre-market trading Friday, after the packaged food company was upgraded to "outperform" from "market perform" by analysts at BMO Capital earlier this morning.
The firm issued a $47 price target, saying the company is working through a difficult operating environment and outperforming its peers.
BMO analysts believe the company can expand margins and continue to grow in emerging markets.
Deerfield, Ill.-based Mondelez International is a snack manufacturing company for consumers in about 165 countries around the world.
The company's portfolio includes nine brands including Oreo, Cadbury chocolates, Trident gum, and Tang powdered beverage.
Separately, TheStreet Ratings team rates MONDELEZ INTERNATIONAL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MONDELEZ INTERNATIONAL INC (MDLZ) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows: