Evercore ISI analyst David Palmer lowered the firm’s price target on Hershey (HSY) to $215 from $220 and keeps an In Line rating on the shares. Hershey’s Q3 update revealed some challenges, but there’s potential for growth beyond current expectations, the analyst tells investors in a research note. The firm added that everyday confection trends are robust, particularly with innovations like Reese’s Oreo, and the company has factored in significant tariffs and price elasticity into its 2026 outlook, suggesting room for positive surprises.
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