BofA Securities analyst Peter Galbo initiates coverage on $Hershey (HSY.US)$ with a hold rating, and sets the target price at $195.
According to TipRanks data, the analyst has a success rate of 47.2% and a total average return of 0.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hershey (HSY.US)$'s main analysts recently are as follows:
Concerns regarding Hershey continue to be influenced by cocoa volatility, although it's suggested that those who focus beyond 2025 might recognize opportunities despite potential near-term challenges.
The projection for Hershey's upcoming Q3 earnings has been adjusted to a figure 10% below the consensus, and the estimate for the year 2025 has also been set 5% under the consensus. The limited visibility into future cocoa costs supports a cautious approach for investors.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.