Hershey price target raised to $205 from $200 at TD Cowen

TD Cowen analyst Robert Moskow raised the firm’s price target on Hershey to $205 from $200 and keeps a Market Perform rating on the shares. The firm raised its target following 4Q results but remain on the sidelines as they worry that gross margin pressure will continue in 2025 when hedges on cocoa costs roll over and the full brunt of inflation rolls through the P&L.