TD Cowen analyst Robert Moskow raised the firm’s price target on Hershey (HSY) to $146 from $133 and keeps a Hold rating on the shares. The firm said its 4Q beat consensus and their expectations but 2025 EPS guide was well below. The guide also implies that cocoa cost inflation won’t fully hit until 2H25 and that substantial pricing is necessary to get back to EPS growth in 2026.
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