UBS Downgrades Hershey to Neutral, Lowers Price Target to $209
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Peter Grom has downgraded Hershey (NYSE:HSY) from Buy to Neutral and reduced the price target from $226 to $209.
October 07, 2024 | 3:24 pm
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UBS analyst Peter Grom downgraded Hershey from Buy to Neutral and reduced the price target from $226 to $209, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by UBS suggests a less favorable view on Hershey's stock performance. The reduction in price target from $226 to $209 indicates a potential decrease in expected stock value, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100