Goldman Sachs Upgrades Hershey (HSY) to Neutral
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Price: $170.27 -0.69%
Rating Summary:
11 Buy, 20 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 83
Rating Summary:
11 Buy, 20 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 83
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Goldman Sachs upgraded Hershey (NYSE: HSY) from Sell to Neutral and raised their price target from $51 to $59.
The company said the Sell rating is no longer warranted as they now see upside to consensus estimates following last week's price increases and expect its premium valuation to hold given attractive fundamentals.
Goldman now sees see 10% EPS growth this year and next versus guidance of +6%-8%.
For more ratings news on Hershey click here and for the rating history of Hershey click here.
Shares of Hershey closed at $55.71 yesterday.
The company said the Sell rating is no longer warranted as they now see upside to consensus estimates following last week's price increases and expect its premium valuation to hold given attractive fundamentals.
Goldman now sees see 10% EPS growth this year and next versus guidance of +6%-8%.
For more ratings news on Hershey click here and for the rating history of Hershey click here.
Shares of Hershey closed at $55.71 yesterday.
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