Kraft spinoff Mondelez International Inc. (Nasdaq: MDLZ) - like its parent company - is looking like a tasty treat for investors.
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Ahead of its first official day of trading on Tuesday, several Wall Street firms were hungry for shares of Mondelez, the snack-food division of Kraft Foods Group Inc. (Nasdaq: KRFT).
JPMorgan Chase & Co (NYSE: JPM) and Goldman Sachs Group Inc. (NYSE: GS) both rated Mondelez a "Buy" and expect the company to post healthy earnings.
Jason English, a Goldman Sachs analyst, placed Mondelez on the firm's "Conviction Buy" list Monday, its top rating.
Here's why Wall Street is eager to get a piece of Kraft spinoff Mondelez.