Hershey price target raised to $260 from $200 at Stephens

Stephens raised the firm’s price target on Hershey (HSY) to $260 from $200 and keeps an Overweight rating on the shares following a “clean” Q4 beat and FY26 guidance that the firm says “reads better-than-feared on both sales and adjusted EPS.” In the near-term, investors will watch Q1 as higher cost inventory and tariffs still pressure results before an expected inflection, but longer term the firm sees a path to balanced growth as margins normalize and the category proves durable, the analyst tells investors.