Citigroup Downgrades Hershey to Sell, Lowers Price Target to $182
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Palmer has downgraded Hershey (NYSE:HSY) from Neutral to Sell and reduced the price target from $195 to $182.
August 27, 2024 | 10:40 am
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Citigroup analyst Thomas Palmer downgraded Hershey from Neutral to Sell, reducing the price target from $195 to $182.
The downgrade from Neutral to Sell by a major financial institution like Citigroup is likely to negatively impact Hershey's stock price in the short term. The reduction in the price target from $195 to $182 suggests a bearish outlook, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100