Peter Galbo, an analyst from Bank of America Securities, reiterated the Hold rating on The Hershey Company (HSY – Research Report). The associated price target remains the same with $182.00.
Peter Galbo has given his Hold rating due to a combination of factors impacting The Hershey Company’s financial outlook. The company reported better-than-expected earnings for the first quarter, driven by strong North American confectionery sales and improved gross margins. However, the positive results are tempered by uncertainties surrounding tariffs, which are expected to impact the company’s financials in the second quarter and potentially beyond.
Despite the strong performance during the Easter season, the outlook for the rest of the year includes challenges such as tariff-related costs and the volatility of cocoa prices. The company’s guidance remains cautious, with anticipated earnings per share growth in the coming years, but the tariff situation adds a layer of unpredictability. As a result, Galbo maintains a Neutral rating, reflecting a balanced view of the potential risks and rewards associated with Hershey’s stock.
Galbo covers the Consumer Defensive sector, focusing on stocks such as General Mills, McCormick & Company, and The Hershey Company. According to TipRanks, Galbo has an average return of 0.3% and a 47.62% success rate on recommended stocks.
In another report released yesterday, TD Cowen also maintained a Hold rating on the stock with a $156.00 price target.