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Morgan Stanley has initiated coverage on Hershey with an Equalweight rating and a price target of $183, noting improved top-line growth and stabilization in market share. However, the firm remains cautious due to cocoa price volatility and recent downward revisions in earnings estimates by analysts. In other developments, Hershey appointed Stacy Taffet as Chief Growth Officer and amended its bylaws to enhance corporate governance. The cocoa market is also seeing changes, with Ghana reporting a significant increase in cocoa arrivals, which may influence future pricing dynamics.
UBS has lowered its price target for Target Corporation to $155 from $170 while maintaining a Buy rating, citing fluctuating demand trends and external challenges. Despite trading near a 52-week low, Target's strong revenue and long-term dividend growth reflect its resilience and proactive operational improvements. Other analysts have also adjusted their price targets, highlighting concerns over sales growth and competitive pressures.
UBS analyst Michael Lasser has lowered Target Corporation's price target from $170 to $155 while maintaining a Buy rating, citing fluctuating demand trends and external challenges. Despite trading near a 52-week low, Target's strong dividend history and strategic investments in inventory management and supply chain adjustments suggest potential for future growth. Other analysts have also revised their price targets, reflecting a mix of optimism and caution regarding Target's performance amid competitive pressures.
Arun Sundaram
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Morgan Stanley assigns equalweight rating to Hershey with price target of 183
Peruvian Sol
United States Dollar
PepsiCo, Inc.
The Hershey Company
GHA
USA
Tricia Brannigan
Arun Sundaram
Stacy Baum Taffet
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09:41 24.03.2025
ubs lowers target price for target corporation while maintaining buy rating
16:58 05.03.2025
ubs lowers target price to 155 while maintaining buy recommendation
16:43 05.03.2025
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