Hershey's First Bilingual U.S. Plant Drives Powerful Results

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Hershey Foods (HSY) to remain in a beat and raise cycle through 2025 - UBS

December 8, 2022 10:36 AM EST

Hershey Foods (NYSE: HSY) was upgraded to Buy from Neutral, with its price target raised to $269 from $244 at UBS.

Analyst Cody Ross told investors in a note that given the large-cap packaged food sector's outperformance in the year-to-date, the firm believes investors should remain selective heading into 2023, and against this backdrop, it sees Hershey remaining in a beat and raise cycle through 2025.

"Our NT... More