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.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App