Piper Sandler Reiterates Neutral Rating on Hershey (HSY)
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/4/2026
- Dow jumps to record closing high after soft US jobs data, Nasdaq down with chip shares
- Goldman's Garrett sees investors dialing back tech exposure into H2
- AI chip winners may face tougher road ahead as hyperscalers catch up: JPM
- Oil gains on short-covering buys ahead of US holiday
- Rivian stock jumps 5% on raised delivery outlook
JPMorgan Comments on Betaville Unfounded Rumor about Hershey (HSY) Takeover, 'it’s arguably difficult for HSY to be bought'
December 4, 2024 3:50 PM ESTJPMorgan analyst Ken Goldman reiterated a Neutral rating and $171.00 price target on Hershey (NYSE: HSY).
The analyst comments "The HSY shares spiked higher intraday on takeover speculation. We wont opine on whether this speculation is valid or not, but we remind investors that, historically, suitors for HSY (Wrigley, Mondelez, and likely others) have been rebutted. In this note, we detail the history and background of prior takeover attempts of HSY and why they failed. We also describe reasons why its arguably difficult for HSY to be bought. "The Hershey Company (HSY) has a... More
