Hershey price target lowered to $155 from $167 at Mizuho

Mizuho lowered the firm’s price target on Hershey (HSY) to $155 from $167 and keeps a Neutral rating on the shares. The firm adjusted targets in the food producer sector. The analyst’s top picks feature degrees of support from increasing distribution, category growth, limited private label exposure. Mizuho reduced targets for multiple companies in conjunction with the industry valuation de-rating.