Evercore ISI analyst David Palmer lowered the firm’s price target on Hershey (HSY) to $215 from $220 and keeps an In Line rating on the shares. Hershey’s Q3 update revealed some challenges, but there’s potential for growth beyond current expectations, the analyst tells investors in a research note. The firm added that everyday confection trends are robust, particularly with innovations like Reese’s Oreo, and the company has factored in significant tariffs and price elasticity into its 2026 outlook, suggesting room for positive surprises.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $200 from $204 at TD Cowen
- Hershey price target lowered to $20 from $204 at TD Cowen
- Apple upgraded, Comcast downgraded: Wall Street’s top analyst calls
- Hershey price target lowered to $184 from $193 at Morgan Stanley
- Hershey price target lowered to $190 from $205 at UBS