Hershey (HSY) volatility flat as shares approach five-year high

Hershey (NYSE: HSY) was upgraded to Neutral from Sell at Goldman Sachs. Goldman say's "We no longer see downside risk to consensus estimates. We raised our EPS estimates last week after HSY followed its competitors' lead in raising prices." Overall option implied volatility of 20 is near its six-month average according to Track Data, suggesting non-directional price movement.

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