Morgan Stanley raised the firm’s price target on Hershey (HSY) to $247 from $238 and keeps an Overweight rating on the shares. The firm believes the market is overly focused on pricing rollback risk, while underestimating the earnings recovery from cocoa normalization beginning in the second half of 2026 and accelerating into 2027, the analyst tells investors.
Claim 55% 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:
- Top Hedge Fund Manager Sounds the Alarm on Market Risk. Here Are 4 Ways to Play a Possible Selloff
- Hershey price target raised to $195 from $165 at Mizuho
- The Week That Was, The Week Ahead: Macro and Markets, Feb. 15
- Hershey Stock (HSY) Is a Winner Heading into Valentine’s Day, Up 22% on the Year
- Hormel Foods appoints Will Bonifant as chief supply chain officer