Market Overview

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

Share:
Related HSY
Stocks Going Ex Dividend The Fourth Week Of November
Earnings Scheduled For October 26, 2017
HERSHEY'S CHOCOLATE WORLD Attraction Unwraps New, Immersive, Sensory Experience in Times Square (GuruFocus)

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
Oct 2017UBSMaintainsNeutral
Oct 2017CitigroupMaintainsBuy
Aug 2017BernsteinUpgradesMarket PerformOutperform

View More Analyst Ratings for HSY
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (HSY)

View Comments and Join the Discussion!

Partner Center