Wells Fargo lowered the firm’s price target on Hershey to $240 from $260 and keeps an Equal Weight rating on the shares. Hershey has quality and its execution has been sound over the past few years, but the stock may stay stuck a bit, pending visibility, the analyst tells investors in a research note.
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Read More on HSY:
- Hershey raises quarterly dividend 15% to $1.192 per share
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- Hershey reports Q2 adjusted EPS $2.01, consensus $1.91
- Hershey Reports Second-Quarter 2023 Financial Results; Updates 2023 Earnings Outlook
