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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on HSY:
- Hershey price target raised to $210 from $200 at Barclays
- Hershey downgraded to Underweight from Equal Weight at Morgan Stanley
- Hershey price target lowered to $194 from $195 at Deutsche Bank
- Hershey price target raised to $220 from $205 at DA Davidson
- Hershey price target raised to $210 from $190 at Wells Fargo
