UPDATE: Goldman Sachs Raises PT on Hershey to $78

Goldman Sachs maintains a Buy rating on The Hershey Company

and raises its price target from $76 to $78. Goldman Sachs notes, “HSY hosted its analyst day where it: (1) raised its long-term sales and earnings growth targets, (2) provided incremental clarity on its international growth priorities and objectives, and (3) provided an updated expense outlook, including acknowledgment that at current levels input costs should provide relief next year.” Hershey closed at $68.41 yesterday.