7/105 sources · 2 publishersUpdated Oct 31, 02:51 UTC
Analysts cut Hershey price targets amid weak volume and modest sales outlook
TD Cowen downgraded Hershey to Hold and lowered its price target to $173 from $198, citing a 10% Q3 volume decline and organic sales growth of only 0.8%. DA Davidson, JP Morgan and UBS also reduced their price targets, ranging from $166 to $175. Hershey reported adjusted earnings of $2.64 per share on revenue of $3.28 billion for the quarter.
Why it matters
The series of target reductions signals analysts expect slower growth and could pressure the stock toward the lower end of the revised price ranges. TD Cowen’s note explicitly states the lower target reflects concerns over volume trends and sales outlook.
Key facts
- 1TD Cowen downgraded Hershey to Hold and cut its price target to $173 from $198. investing.com
- 2Hershey’s Q3 organic sales rose 0.8% while volume fell 10%. investing.com
- 3Adjusted earnings per share for Q3 were $2.64. investing.com
- 4Revenue for the quarter was $3.28 billion. investing.com
- 5DA Davidson lowered its price target to $170 from $190. investing.com
- 6JP Morgan kept a Neutral rating but cut its price target to $166 from $183. tradingview.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.