Hershey price target lowered to $204 from $210 at Barclays

Barclays lowered the firm’s price target on Hershey to $204 from $210 and keeps an Equal Weight rating on the shares. The firm, which is moderating its North America Confectionery segment organic sales outlook for Q2 given weaker everyday chocolate market share trends over the past six weeks, notes that it is still forecasting below-consensus earnings.