Morgan Stanley analyst Megan Alexander Clapp lowered the firm’s price target on Hershey (HSY) to $184 from $193 and keeps an Equal Weight rating on the shares. Despite a “strong” Q3 beat and increased fiscal year guidance, Hershey shares closed down by about 2% yesterday, which the firm attributes to mixed quarter-to-date commentary and a more measured tone from management on 2026 relative to bullish expectations, the analyst tells investors in a post-earnings note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HSY:
- Hershey price target lowered to $190 from $205 at UBS
- Hold Rating for The Hershey Company Amid Mixed Performance and Future Uncertainties
- Piper upgrades Hershey to Neutral on reduced outlook uncertainty
- Hershey Reports Strong Sales Amid Cost Challenges
- Cautious Optimism: Hershey’s Hold Rating Amid Market Challenges and Growth Potential