Hershey price target lowered to $195 from $200 at Evercore ISI

Evercore ISI lowered the firm’s price target on Hershey (HSY) to $195 from $200 and keeps an In Line rating on the shares. Historic levels of underperformance have set “a low bar” for the U.S. Food group, but heading into 2025, the firm will be watching for signs of stabilizing volume and improved earnings delivery, the analyst tells investors in an outlook note for the sector.