Evercore ISI analyst David Palmer raised the firm’s price target on Hershey (HSY) to $250 from $215 and keeps an In Line rating on the shares after raising the firm’s EPS estimates for 2026 and 2027 by around 20%, driven by lower cocoa costs and effective marketing strategies. Hershey’s stock has gained 21% since January, prompting its removal from the firm’s “Tactical Outperform” list, the analyst noted.
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