Jefferies Downgrades Hershey to Underperform, Lowers Price Target to $163
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Rob Dickerson has downgraded Hershey (NYSE:HSY) from Hold to Underperform and reduced the price target from $184 to $163.
September 26, 2024 | 3:29 pm
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Jefferies has downgraded Hershey to Underperform and lowered its price target to $163, indicating a bearish outlook on the stock.
The downgrade from Hold to Underperform by Jefferies suggests a negative outlook on Hershey's stock performance. The reduction in the price target from $184 to $163 indicates expectations of a decline in stock value, which is likely to impact investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100