Morgan Stanley lowered the firm’s price target on Hershey to $245 from $270 and keeps an Equal Weight rating on the shares. Following Hersheys’ Q2 results, the firm is increasing its FY23 EPS forecast by 1.5%, but reducing its organic sales forecast to 8.3% from 9.1% prior and reducing its target on the shares.
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Read More on HSY:
- Hershey raises quarterly dividend 15% to $1.192 per share
- Hershey raises FY23 adjusted EPS view to $9.46-$9.54 from $9.29-$9.46
- Hershey Declares Quarterly Dividends
- Hershey reports Q2 adjusted EPS $2.01, consensus $1.91
- Hershey Reports Second-Quarter 2023 Financial Results; Updates 2023 Earnings Outlook
