Wells Fargo analyst Chris Carey raised the firm’s price target on Hershey (HSY) to $220 from $182 and keeps an Equal Weight rating on the shares. The firm also raised its 2027 EPS 26% to $10.11 after digesting 2026 guidance, commentary on plans for 2027, and factoring the cocoa curve. Wells’ new target says Hershey now trades at a historical multiple on all-time high EPS.
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