Hershey Foods (HSY) Raises Quarterly Dividend 6.1% to $0.656; 2.4% Yield
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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.
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