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Hershey price target lowered to $183 from $205 at RBC Capital
The Fly

Hershey price target lowered to $183 from $205 at RBC Capital

RBC Capital lowered the firm’s price target on Hershey (HSY) to $183 from $205 and keeps a Sector Perform rating on the shares. The company reported a poor quarter with misses in profitability and with all three segments having missed organic growth expectations, driven by a combination of category /consumer/channel headwinds and executional mishaps, the analyst tells investors in a research note.

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