Exane BNP Paribas Downgrades Hershey to Neutral, Announces $208 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Max Gumport downgraded Hershey (HSY) from Outperform to Neutral and set a price target of $208.

March 26, 2024 | 2:08 pm
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NEUTRAL IMPACT
Hershey was downgraded from Outperform to Neutral by Exane BNP Paribas, with a new price target of $208.
The downgrade from Outperform to Neutral by a notable analyst could lead to mixed reactions in the market. While the new price target of $208 suggests a belief in some underlying value, the downgrade itself may temper investor enthusiasm in the short term, leading to a neutral impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100