DA Davidson raised the firm’s price target on Hershey (HSY) to $207 from $185 but keeps a Neutral rating on the shares ahead of its Q4 results. Tariff resolution, cocoa deflation, and encouraging early reads on elasticities points to FY27 upwards revisions as earnings power restores, though this is generally reflected in absolute and relative multiples that are currently nearer their peak, the analyst tells investors in a research note.
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