Hershey price target lowered to $185 from $188 at DA Davidson

DA Davidson lowered the firm’s price target on Hershey (HSY) to $185 from $188 and keeps a Neutral rating on the shares after its Q3 results. The company has proactively managed controllables such as innovation being its strongest in five years and c-store strategy, though the elasticity trends will play a crucial role in determining the pace at which earnings power is restored, the analyst tells investors in a research note.