Hershey 2025 outlook could be disappointing, says Citi

Citi analyst Thomas Palmer keeps a Sell rating on Hershey (HSY) with a $159 price target into he company’s Q4 results on February 6. A “more-or-less inline quarter” seems likely, but given mounting cocoa inflation, the company’s 2025 outlook could be disappointing relative to consensus estimates, the analyst tells investors in a research note. Citi thinks the outlook will determine the stock’s reaction post-earnings more than the Q4 results.