Hershey (HSY) PT Raised to $215 at BMO Capital

BMO Capital analyst Kenneth Zaslow raised the price target on Hershey (NYSE: HSY) to $215.00 (from $190.00) while maintaining an Outperform rating.

The analyst commented, "HSY’s 4Q/2021 EPS of $1.69 exceeded consensus of $1.61 as broad-based strength in volume and price gains in North America confection, North America snacking, and International more than offset higher input costs. In addition, HSY introduced its 2022 sales and earnings outlook of 8-10% net sales growth and 9-11% adjusted EPS growth, or an implied $7.84-7.98."

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