Bernstein analyst Alexia Howard raised the firm’s price target on Hershey (HSY) to $250 from $192 and keeps a Market Perform rating on the shares. Analyst Alexia Howard says that in over 20 years covering the space, “I’m fairly sure I’ve never seen a guide this far above consensus estimates.” Clearly some of this was baked in, but still beat investor expectations given the stock move, the firm adds.
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