Barclays analyst Andrew Lazar maintains $Hershey (HSY.US)$ with a hold rating, and adjusts the target price from $202 to $180.
According to TipRanks data, the analyst has a success rate of 57.7% and a total average return of 5.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hershey (HSY.US)$'s main analysts recently are as follows:
The willingness of investors to look beyond 2025 for Hershey, a period expected to be significantly affected by rising cocoa costs, and to focus on the potential for above-average growth in 2026 when costs normalize, hinges on the importance of improved underlying core chocolate market share trends.
The company has experienced a challenging quarter, with profitability falling short of expectations, alongside underperformance in organic growth across all three business segments. This has been influenced by a mixture of headwinds from various categories, consumer behaviors, and channels, coupled with executional setbacks.
It was anticipated that Hershey's third-quarter shortfall and the lowering of its 2024 outlook would occur. More unexpectedly, the indication of a significant 2025 EPS challenge, beyond any sell-side forecasts, was noted. This is partly due to market share shifts toward private labels and a slight impact from GLP-1 adoption.
Note:
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