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

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In a report published Friday, Jefferies reiterated its Hold rating on The Hershey Company (NYSE: HSY), and raised its price target from $75.00 to $78.00.

Jefferies noted, “HSY reported 4Q12 EPS of $0.74, 2¢ below consensus, and raised its FY13 EPS growth outlook 2 pts to 10-12% despite a planned +20% increase in advertising. The Brookside acquisition and less inflation provide HSY with the means for higher spending. With strong international growth and the pending Brookside distribution expansion, HSY's business seems to be strong but we reiterate our Hold due to the already high valuation.”

The Hershey Company closed on Thursday at $78.28.

Latest Ratings for HSY

DateFirmActionFromTo
Sep 2016JP MorganReinstatesNeutral
Aug 2016Bank of AmericaInitiates Coverage onUnderperform
Aug 2016Bank of AmericaAssumesUnderperform

View More Analyst Ratings for HSY
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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