RBC Capital lowered the firm’s price target on Hershey (HSY) to $175 from $178 and keeps a Sector Perform rating on the shares. The company posted a better-than-expected quarter on organic sales and EPS, but provided mixed commentary about the consumer and cost environment, though the management noted that while the broader snacking category came under pressure, Hershey’s categories were not impacted, the analyst tells investors in a research note.
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