B of A Securities Downgrades Hershey to Neutral
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Bryan Spillane has downgraded Hershey (NYSE:HSY) from Buy to Neutral, indicating a shift in the firm's outlook on the company's stock.
December 15, 2023 | 1:14 pm
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NEGATIVE IMPACT
Hershey has been downgraded by B of A Securities from Buy to Neutral, which may influence investors' perception and could potentially lead to a short-term decrease in stock price.
Downgrades by analysts can lead to a negative investor sentiment in the short term, often resulting in a decrease in stock price as market participants adjust their positions based on the new rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100