Market Overview

UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on The Hershey Company

Share:
Related HSY
Highlights From Morgan Stanley's Meetings With Mondelez, Hershey and Pinnacle Foods
Panera Becomes The Latest Food Company To Eliminate Artificial Ingredients
Time Warner Is A Buy - Cramer's Lightning Round (5/21/15) (Seeking Alpha)

In a report published Friday, Deutsche Bank reiterated its Hold rating on The Hershey Company (NYSE: HSY), and raised its price target from $72.00 to $75.00.

Deutsche Bank noted, “Maintain HOLD Opinion - We love chocolate and Hershey is performing well but stomaching a 33% premium valuation to the group's C2013 P/E and 20% premium to EV/EBITDA is too much for us. Hershey leads in the U.S. market and is finally building up intl.. But the EM roll-out cost is undefined, 2012 chocolate share was down slightly and we worry over format-based competition and promo levels on the back of deflation.”

The Hershey Company closed on Thursday at $79.45.

Latest Ratings for HSY

DateFirmActionFromTo
Apr 2015CitigroupMaintainsBuy
Apr 2015NomuraInitiates Coverage onReduce
Jan 2015Deutsche BankMaintainsHold

View More Analyst Ratings for HSY
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (HSY)

Around the Web, We're Loving...