Piper Sandler last night upgraded Hershey (HSY) to Overweight from Neutral with a price target of $213, up from $193. The firm says the continued easing of cocoa costs and the removal of cocoa tariffs give Hershey “significant flexibility” to reinvest for growth and grow earnings ahead of its algorithm. Hershey is positioned to grow sales and earnings above the company’s algorithm in 2026, the analyst tells investors in a research note.
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