DA Davidson lowered the firm’s price target on Hershey (HSY) to $208 from $230 and keeps a Neutral rating on the shares after its Q1 results. The firm remains at neutral as competition is still fierce and the consumer remains pressured, the analyst tells investors in a research note. The firm adds, however, that valuation on the stock is more attractive at current levels, and if the market share stabilizes, it would be more “positively inclined” at current levels.
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