Hershey Reports Third-Quarter 2023 Financial Results; Reaffirms 2023 Net Sales and Earnings Outlook

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Go back to Hershey Reports Third-Quarter 2023 Financial Results; Reaffirms 2023 Net Sales and Earnings Outlook

CFRA Upgrades Hershey (HSY) to Hold, 'doing well'

October 26, 2023 1:52 PM EDT

CFRA analyst Arun Sundaram upgraded Hershey (NYSE: HSY) from Sell to Hold with a price target of $197.00 (from $208.00).

The analyst comments "
We cut our 12-month target to $197 from $208, 20x our 2024 EPS of $9.86 (cut from $9.92; 2023 up by a penny to $9.47) vs. the 25x... More