Hershey targets cutting $300 million in costs as annual forecasts disappoint

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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