Morgan Stanley Lowers Price Target for Hershey Due to Rising Commodity Costs
Morgan Stanley has lowered its price target for The Hershey Company (HSY) from $247 to $227, citing higher oil and commodity prices. The firm also reiterated an Overweight rating on the stock, while Barclays previously cut its target to $225. The adjustments reflect growing concerns over input costs and dividend sustainability in the food sector.
Tickers: $HSY
Topics: analyst downgrade commodity costs dividend sustainability price target stock analysis