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In a report published Wednesday, Morgan Stanley analyst Matthew Grainger reiterated an Equal-Weight rating and $100.00 price target on
HersheyHSY.
In the report, Morgan Stanley noted, “HSY delivered mixed news after yesterday's close, announcing a long-awaited price increase across its US product portfolio but also reducing F14 growth expectations to the low end of its L-T guidance range (sales +5%, EPS +9%). Net, we see these dynamics as offsetting and remain EW.”
Hershey closed on Tuesday at $94.66.
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