Jefferies Raises Hershey's Price Target Ahead of Q1 Earnings on Recovery Optimism
Jefferies raised Hershey Company's price target to $205 from $220, maintaining a 'Hold' rating, as the company approaches its Q1 earnings report on April 30. The analysts believe the quarter will be a turning point as Hershey moves past cocoa inflation and toward margin recovery, though input costs and higher-priced inventory will still impact results. Improved cocoa trends are seen as a key factor in the company's profit outlook.
Tickers: $HSY
Topics: Analyst Outlook Cocoa Inflation Earnings Report Hershey Company Market Recovery Price Target