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Hershey price target raised to $260 from $243 at Stifel
The Fly

Hershey price target raised to $260 from $243 at Stifel

Stifel analyst Matthew Smith raised the firm’s price target on Hershey to $260 from $243 and keeps a Hold rating on the shares. Hershey reported "another strong quarter," which led the company to raise its outlook for the year, the analyst tells investors. Hershey’s growth in 2023 and over the next two years is what sets it apart but is also reflected in the premium valuation for the shares, Stifel says.

Published first on TheFly

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