Credit Suisse trims earnings forecast for Mondelez

07/7/2013 | FoodBusinessNews.net (free registration)

Credit Suisse has lowered its earnings forecast for Mondelēz International with analysts noting data that shows slow growth in the U.S. biscuit business and single-digit growth in chewing gum sales in Europe for its downgrade. Credit Suisse also cited worries about slow market growth in emerging markets like China and Brazil.

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