Hershey Announces Second-Quarter Results; Updates Outlook for 2017
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Hershey (HSY) PT Raised to $115 at RBC Capital
July 27, 2017 7:51 AM EDTRBC 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.
... MoreHershey Foods (HSY) Tops Q2 EPS by 19c
July 26, 2017 7:02 AM EDTHershey Foods (NYSE: HSY) reported Q2 EPS of $1.09, $0.19 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.66 billion versus the consensus estimate of $1.66 billion.
GUIDANCE:
Hershey Foods sees FY2017 EPS at high end of... More
