Candy maker The Hershey Company (HSY) on Thursday caught some continued bullish sentiment from analysts at Goldman Sachs.
The firm maintained its “Buy” rating on HSY and lifted its price target $76, suggesting an 11% upside to the stock’s Wednesday closing price of $68.45. Goldman also raised its earnings estimates for the company, citing strong ongoing operating momentum.
Hershey shares posted small gains in late morning trading Thursday.
The Bottom Line
Shares of Hershey Company (HSY) have a 2.22% dividend yield, based on last night’s closing stock price of $68.45. The stock has technical support in the $62-$63 price area. The stock is trading near 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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