Hershey shares are trading lower after UBS downgraded the stock from Buy to Neutral and lowered its price target from $226 to $209.
Portfolio Pulse from Benzinga Newsdesk
Hershey's stock is experiencing a decline following a downgrade by UBS from Buy to Neutral, with a reduced price target from $226 to $209.
October 07, 2024 | 5:47 pm
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NEGATIVE IMPACT
UBS has downgraded Hershey's stock from Buy to Neutral and reduced the price target from $226 to $209, leading to a decline in share price.
The downgrade by UBS from Buy to Neutral and the reduction in price target from $226 to $209 is a significant negative signal for investors, likely causing the stock to trade lower in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100