Famous candy maker The Hershey Company (HSY) on Wednesday caught a big upgrade from analysts at Argus Research.
The firm said it boosted its rating on HSY from “Hold” to “Buy” with a $78 price target, suggesting a 16% upside to the stock’s Tuesday closing price of $67.44. Argus said it made the move because the company is realizing higher sales growth.
Hershey shares were mostly flat in morning trading Wednesday.
The Bottom Line
Shares of The Hershey Company (HSY) have a 2.24% dividend yield, based on last night’s closing stock price of $67.74. The stock has technical support in the $62 price area. The shares are trading at all-time highs.
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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