Goldman Sachs Maintains Neutral Rating on Hershey

A report from Goldman Sachs reiterates its Neutral rating on Hershey (NYSE: HSY).

The report states, “HSY reported 3Q11 EPS of $0.84 vs. our $0.86 estimate and consensus of $0.84. Full-year guidance was raised at the sales line (to +7%, from +6%), while the full-year EPS growth outlook of +10% was reiterated… The lack of a beat and raise may be met with some disappointment despite the fact that the company is choosing to reinvest upside into the business."

HSY closed yesterday at $59.88.