Hershey price target lowered to $180 from $188 at JPMorgan

JPMorgan lowered the firm’s price target on Hershey to $180 from $188 and keeps a Neutral rating on the shares. The firm cut earnings estimates 10% below consensus for Hershey’s upcoming Q3 and 5% below consensus for 2025. Given a lack of visibility into cocoa costs, it makes sense to remain on the sidelines, the analyst tells investors in a research note.