Critical Insights From Hershey Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
In the past three months, 13 analysts have provided ratings for Hershey (NYSE:HSY), with a mix of bullish, bearish, and neutral perspectives. The average 12-month price target has decreased by 3.07% to $198.23. Recent analyst actions include downgrades and lowered price targets from firms like Goldman Sachs, RBC Capital, and Deutsche Bank. Hershey's financials show a decline in revenue growth but strong profitability and return metrics.
August 12, 2024 | 3:01 pm
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Hershey (NYSE:HSY) has received mixed analyst ratings over the past three months, with a notable decrease in the average 12-month price target by 3.07% to $198.23. Recent analyst actions include downgrades and lowered price targets from major firms such as Goldman Sachs, RBC Capital, and Deutsche Bank. Despite a decline in revenue growth, Hershey maintains strong profitability and return metrics.
The mixed analyst ratings and the decrease in the average price target suggest a bearish short-term outlook for Hershey. The downgrades and lowered price targets from major firms indicate concerns about the company's near-term performance. Additionally, the decline in revenue growth further supports a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100