Evercore ISI analyst David Palmer raised the firm’s price target on Hershey to $255 from $250 and keeps an In Line rating on the shares. The analyst came away from Hershey’s analyst dat more constructive on the company’s initiatives to sustain sales and profit growth in North American confection. The company may prove unique in food if its can grow both volume and pricing in North American confection in 2024 and 2025, the firm says. Evercore ISI is increasing its price target and estimates on the stock, acknowledging the company’s defensive growth qualities.
Published first on TheFly
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Read More on HSY:
- Hershey price target raised to $251 from $237 at Deutsche Bank
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- Hershey Reaffirms 2023 Guidance in Advance of Investor Day
- Hershey backs FY23 adjusted EPS growth view 9%-11%, consensus $9.35
- Hershey price target lowered to $237 from $246 at Deutsche Bank
