Hershey price target lowered to $195 from $200 at BofA

BofA lowered the firm’s price target on Hershey to $195 from $200 and keeps a Neutral rating on the shares as the analyst took over lead coverage of the stock. Cocoa volatility continues to dominate the Hershey narrative, though those willing to look through 2025 could add on potential near-term pressure, says the analyst in a note titled “Could a bitter ’25 set up a sweeter ’26?”