Hershey resumed with a Hold at Jefferies

Jefferies resumed coverage of Hershey (HSY) with a Hold rating and $181 price target While the firm applauds Hershey having navigated cocoa cost pressures through pricing, innovation, cost savings, and shifting towards salty growth vectors in 2025 and notes that a margin recovery is “in motion, it argues that the current valuation near the high end of the stock’s ten-year range already reflects this.