Citigroup Maintains Neutral on Hershey, Lowers Price Target to $199
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Palmer maintains a Neutral rating on Hershey (HSY) and lowers the price target from $213 to $199.
April 11, 2024 | 5:23 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citigroup maintains a Neutral rating on Hershey and lowers the price target from $213 to $199.
The reduction in price target by Citigroup, a major financial institution, suggests a revised outlook on Hershey's future stock performance. Although the rating remains Neutral, the lowered price target could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100