Hershey shares are trading lower after Citigroup downgraded the stock from Neutral to Sell and lowered its price target from $195 to $182.
Portfolio Pulse from Benzinga Newsdesk
Hershey's stock is experiencing a decline following a downgrade by Citigroup from Neutral to Sell, with a reduced price target from $195 to $182.
August 27, 2024 | 12:45 pm
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NEGATIVE IMPACT
Hershey's stock is trading lower due to Citigroup's downgrade from Neutral to Sell, with a new price target of $182, down from $195.
The downgrade by Citigroup is a significant negative signal for investors, likely causing a short-term decline in Hershey's stock price. The reduced price target further emphasizes the bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100