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

Loading...
Loading...
In a report published Friday, Jefferies reiterated its Hold rating on The Hershey Company
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.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsJefferies
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...