Piper Sandler raised the firm’s price target on Hershey (HSY) to $193 from $180 and keeps a Neutral rating on the shares. The firm says it has visibility on Hershey’s top-line momentum being on-algo, despite headwinds, and it could do better than that, given a relatively favorable early read on elasticities. Cocoa tariff relief also drops to the bottom line, driving above-algo EPS growth, Piper adds.
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