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Hershey price target lowered to $153 from $168 at Piper Sandler
The Fly

Hershey price target lowered to $153 from $168 at Piper Sandler

Piper Sandler lowered the firm’s price target on Hershey (HSY) to $153 from $168 and keeps a Neutral rating on the shares. The firm is updating its model to include incremental cocoa input costs in the second half of 2025, which now includes cocoa cost pressure for 2026. Cocoa futures have risen sharply and remain at elevated levels, and key indicators point to sustained pressure for 2025 and into 2026, Piper adds.

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