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Deutsche Bank has lowered its price target for Hershey's stock to $148. This adjustment reflects the bank's updated outlook on the company's market performance. Investors will be keen to see how this change impacts Hershey's stock in the coming weeks.
Nestlé S.A. is evaluated among the top cookies and crackers stocks as the global market, valued at $100.2 billion in 2023, is projected to grow to $122.45 billion by 2030, driven by North America and rapid expansion in Asia Pacific. Despite economic pressures, snacking remains a resilient category, with consumers maintaining spending habits. Meanwhile, Mondelēz International's potential acquisition of Hershey could reshape the confectionery landscape, competing with Mars' upcoming merger with Kellanova.
Mondelez is once again considering a takeover of Hershey Co., having previously attempted a $23 billion bid in 2016 that was rejected. Currently valued at approximately $40 billion, a successful acquisition would surpass this year's largest deal, Mars Inc.'s nearly $36 billion purchase of Kellanova. Hershey's shares have declined about 6% in New York trading this year.
Mara Holdings faced a decline but found support at its 21-day line, while Hut 8 dropped after reaching a high not seen since April 2022. In contrast, China stocks surged on government fiscal policy news, with Alibaba and Trip.com hitting new highs. Interpublic Group soared on an acquisition announcement, while Agios Pharmaceuticals plummeted due to adverse treatment effects.
Mondelez International Inc. is exploring a potential acquisition of Hershey Co., a move that could create a food giant with nearly $50 billion in combined sales. The Chicago-based snacks and sweets company has made a preliminary approach regarding this possible merger, according to sources familiar with the discussions.
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Deutsche Bank lowers Hershey stock price target to 148 dollars
12:20 23.01.2025
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