Barclays Maintains Equal-Weight on Hershey, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an Equal-Weight rating on Hershey (NYSE:HSY) but reduced the price target from $212 to $200.
January 16, 2024 | 6:12 pm
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Barclays has maintained an Equal-Weight rating on Hershey but lowered the price target from $212 to $200, indicating a potential downside compared to the previous target.
The reduction in price target by Barclays suggests that the analyst sees less upside potential for Hershey's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100