Hershey price target raised to $210 from $190 at Wells Fargo

Wells Fargo analyst Chris Carey raised the firm’s price target on Hershey to $210 from $190 and keeps an Equal Weight rating on the shares. Hershey may have missed an opportunity for a fuller reset with Q4, re-loading SG&A and spend, the analyst tells investors in a research note, adding that valuation feels appropriate.