Morgan Stanley Sees Mixed Factors for Hershey Co.

In a report published Thursday, Morgan Stanley analyst Matthew Grainger reiterated an Equal-Weight rating and $96.00 price target on

. In the report, Morgan Stanley noted, “Despite improved sales & share trends, Q3 lagged expectations given Food channel weakness and unexpected cost pressures. Price/cost dynamics will clearly improve in '15, but a path to the high end of +9-11% EPS appears still dependent on an improved category outlook. Remain EW.” Hershey Co. closed on Wednesday at $94.06.