Hershey shares drop premarket despite earnings beat, outlook weighed by cocoa cost
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Hershey (HSY) PT Lowered to $149 at DA Davidson
February 10, 2025 5:23 AM ESTDA Davidson analyst Brian Holland lowered the price target on Hershey (NYSE: HSY) to $149.00 (from $164.00) while maintaining a Neutral rating.
The analyst comments "hopes of an on algorithm or better FY26 seems premature amidst unprecedented cocoa volatility which limits visibility. Similar to MDLZ-BUY, HSY... More
