Hershey price target raised to $260 from $251 at Jefferies

Jefferies analyst Rob Dickerson raised the firm’s price target on Hershey to $260 from $251 and keeps a Hold rating on the shares after the company laid out plans to expand its "industry leading margins" at its investor day. The company provided ’24/’25 guidance for 3-4% sales growth and 7-8% EPS growth that is "likely viewed as a positive from investors," said the firm, which increased its own 2024 and 2025 EPS forecasts by 1.5% and 2.5%, respectively, following the event.