Candy maker The Hershey Company (HSY) on Monday caught a big upgrade from anlaysts at Ticonderoga.
The firm said it boosted its rating on HSY from “Neutral” to “Buy” with a $66 price target, suggesting a 17% upside to the stock’s Friday closing price of $56.38. Ticonderoga commended the company’s decision to raise prices.
Hershey shares were unchanged in premarket trading Monday.
The Bottom Line
Shares of Hershey (HSY) have a 2.45% dividend yield, based on Friday’s closing stock price of $56.38. The stock has technical support in the $54 price area. If the shares can firm up, we see overhead resistance around the $58-$60 price levels.
The Hershey Company (HSY) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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