Higher cocoa prices will pressure Hershey's stock, analyst says
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Piper Sandler has downgraded Hershey Co. to underweight from neutral due to expectations of persistently high cocoa prices, which are likely to pressure the company's stock.
January 31, 2025 | 4:30 pm
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Piper Sandler has downgraded Hershey Co. to underweight from neutral, anticipating that high cocoa prices will negatively impact the company's stock.
The downgrade by Piper Sandler is directly linked to the expectation of high cocoa prices, which are a significant cost factor for Hershey. This is likely to impact Hershey's profit margins and, consequently, its stock price negatively in the short term.
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