On Nov 09, major Wall Street analysts update their ratings for $Hershey (HSY.US)$, with price targets ranging from $165 to $200.
Goldman Sachs analyst Leah Jordan maintains with a sell rating, and adjusts the target price from $185 to $165.
BofA Securities analyst Peter Galbo maintains with a hold rating, and adjusts the target price from $195 to $180.
Deutsche Bank analyst Stephen Powers maintains with a hold rating, and adjusts the target price from $192 to $181.
Wells Fargo analyst Christopher Carey maintains with a hold rating, and adjusts the target price from $195 to $175.
Evercore analyst David Palmer maintains with a hold rating, and adjusts the target price from $215 to $200.
Furthermore, according to the comprehensive report, the opinions of $Hershey (HSY.US)$'s main analysts recently are as follows:
The company experienced a challenging quarter, with profitability falling short of expectations, and all three segments did not meet organic growth projections. These outcomes were influenced by various factors including headwinds in categories, consumer behavior, and channels, as well as some operational missteps.
The company's third-quarter shortfall and the reduction in 2024 guidance were largely anticipated. However, it was unexpected when management alluded to a more significant 2025 earnings per share challenge than any sell-side projection, referencing market share losses to private label products and a slight impact from GLP-1 adoption.
Here are the latest investment ratings and price targets for $Hershey (HSY.US)$ from 7 analysts:
Note:
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