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Hershey price target raised to $179 from $155 at Bernstein

Bernstein raised the firm’s price target on Hershey (HSY) to $179 from $155 and keeps a Market Perform rating on the shares. The firm says outgoing CEO Michele Buck seems to be leaving the company firing on all cylinders as the innovation pipeline is cranked up and a 16% price increase across the confectionery portfolio has been announced.

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