Form 8-K HERSHEY CO For: Feb 02

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Go back to Form 8-K HERSHEY CO For: Feb 02

DA Davidson Fisrt Take on (HSY) Q4 2023 Earnings: 'We expect volumes to remain under pressure'

February 8, 2024 8:04 AM EST

DA Davidson analyst Brian Holland initiates coverage on Hershey (NYSE: HSY) with a Neutral rating and a price target of $205.00.

The analyst comments "HSY 4Q23 results bested our expectations, half from gross margin and half from taxes. The company's initial FY24 guide was... More

Morgan Stanley on Hershey (HSY) Following Earnings: 'We expect a modest negative stock reaction'

February 8, 2024 7:47 AM EST

Morgan Stanley analyst Pamela Kaufman reiterated an Equalweight rating and $191.00 price target on Hershey (NYSE: HSY)

The analyst comments "We expect a modest negative stock reaction as HSY reported a lower quality Q4 EPS beat ($2.02 vs. consensus $1.95), as a topline miss was offset by stronger GM's and a lower tax rate, but the focus is on 2024... More