Market Overview

UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Raises PT on The Hershey Company

Share:
Related HSY
CNBC's Stock Pops & Drops From June 19
Hershey Dips As It Cuts Outlook Again, Citing China Woes
Hershey: Is The Stock As Good As The Candy? (Seeking Alpha)

In a report published Friday, BMO Capital Markets reiterated its Market Perform rating on The Hershey Company (NYSE: HSY), and raised its price target from $72.00 to $80.00.

BMO Capital Markets noted, “Hershey's 4Q12 underlying EPS of $0.74 fell below consensus and our estimates by $0.01 and $0.03, respectively, as higher SG&A/ad spending (-$0.10) more than offset strong sales growth, higher gross profits (+$0.05), and a lower tax rate (+$0.02). Hershey increased its underlying 2013 EPS guidance to $3.56-$3.63, which is in line with consensus.”

The Hershey Company closed on Thursday at $79.45.

Latest Ratings for HSY

DateFirmActionFromTo
Jul 2015Societe GeneraleInitiates Coverage onSell
Jun 2015CitigroupMaintainsBuy
Jun 2015CitigroupMaintainsBuy

View More Analyst Ratings for HSY
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (HSY)

Get Benzinga's Newsletters