Mizuho analyst John Baumgartner raised the firm’s price target on Hershey to $235 from $222 and keeps a Neutral rating on the shares. The company’s investor day "offered impressive examples" into Hershey’s latest data capabilities to improve execution spanning manufacturing, retail placement, and marketing, the analyst tells investors in a research note. The firm, however, says the shares "already trade at historical peak defensiveness."
Published first on TheFly
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