Hershey (HSY) weekly implied volatility increases into Q2

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Hershey (HSY) PT Raised to $115 at RBC Capital

July 27, 2017 7:51 AM EDT

RBC Capital raised its price target on Hershey (NYSE: HSY) to $115.00 (from $114.00) while maintaining a Sector Perform rating.

RBC increased 2017 and 2018 EPS estimates from $4.74 and $5.12 to $4.79 and $5.17, respectively. This is due to a 100bps reduction in the company's expected full-year tax rate.

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