Tigress Financial Partners Starts Hershey (HSY) at Neutral
Get Alerts HSY Hot Sheet
Rating Summary:
11 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 10 | New: 43
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Tigress Financial Partners initiated coverage on Hershey (NYSE: HSY) with a Neutral rating.
Analyst Philip Van Deusen said, "International opportunity in China is offset by input price headwinds and the competitive retail environment. Economic profit fundamentals are tapering off, an indication that shares price gains will be muted over the next twelve months. There is little room for multiple expansion as their EV / EBITDAR multiple of 10.9x is the highest it’s been in a decade. 2015 product launches, which feature releases such as the Reese’s Crunchy Cup and Brookside Crunchy Clusters, will be incremental sales and economic profit drivers."
"We would become more optimistic on HSY if the company can demonstrate its ability to execute on its growth strategy in China," he added.
For an analyst ratings summary and ratings history on Hershey click here. For more ratings news on Hershey click here.
Shares of Hershey closed at $96.51 yesterday.
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