TD Cowen lowered the firm’s price target on Hershey (HSY) to $20 from $204 and keeps a Hold rating on the shares. The firm said they posted a sales and earnings beat but management raised its EPS range by less than $0.05 at the midpoint due to timing of cocoa hedges, a soft Halloween, and weakness in Mexico.
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Read More on HSY:
- Hershey price target lowered to $184 from $193 at Morgan Stanley
- Hershey price target lowered to $190 from $205 at UBS
- Hold Rating for The Hershey Company Amid Mixed Performance and Future Uncertainties
- Piper upgrades Hershey to Neutral on reduced outlook uncertainty
- Hershey Reports Strong Sales Amid Cost Challenges