Hershey price target lowered to $180 from $202 at Barclays

Barclays lowered the firm’s price target on Hershey (HSY) to $180 from $202 and keeps an Equal Weight rating on the shares. The firm says that in order for investors to be more willing to look through a 2025 for Hershey that is to be impacted greatly by higher cocoa costs and anchor to potentially outsized growth in 2026 when costs normalize, improved underlying core chocolate market share trends will be increasingly key.