{
Stacy Baum Taffet

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Morgan Stanley assigns equalweight rating to Hershey with price target of 183

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.
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Peruvian Sol United States Dollar PepsiCo, Inc. The Hershey Company GHA USA Tricia Brannigan Arun Sundaram Stacy Baum Taffet Show more
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09:41 24.03.2025
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