Argus analyst Taylor Conrad keeps a Buy rating and $240 price target on Hershey while stating that the stock’s recent weakness provides a buying opportunity. The company is benefiting from small, more frequent price increases, more focused marketing and supply-chain investments, and the recent acquisitions of Lily’s confectionary brand, Dot’s Pretzels, and Pretzels Inc, the analyst tells investors in a research note. Hershey also continues to see strong demand, especially for take-home consumption, the firm added.
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Read More on HSY:
- Hershey price target raised to $210 from $200 at Barclays
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