In a report released today, Leah Jordan from Goldman Sachs upgraded The Hershey Company to a Buy, with a price target of $222.00.
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Leah Jordan has given her Buy rating due to a combination of factors influencing The Hershey Company’s stock. The company has demonstrated strong pricing power, which is expected to drive significant earnings per share growth by the fiscal year 2026.
Additionally, the company has shown improvement in market share trends, with anticipated positive developments in the latter half of the year. Known cost pressures, such as those related to cocoa and tariffs, have been accounted for in current expectations, presenting a favorable risk/reward scenario. The iconic brand portfolio of Hershey supports robust pricing strategies, which, combined with a solid consumer environment, are likely to result in better-than-expected elasticity outcomes.