Candy maker The Hershey Company (HSY) on Tuesday caught some bullish commentary from analysts at Credit Suisse.
The firm reiterated its “Outperform” rating on HSY and lifted its price target to $78. That new target suggests a 14% upside to the stock’s Monday closing price of $68.41. Credit Suisse also raised its earnings estimates for the company, citing multiple potential growth channels.
Hershey shares rose 84 cents, or +1.2%, in premarket trading Tuesday.
The Bottom Line
Shares of Hershey Company (HSY) have a 2.22% dividend yield, based on last night’s closing stock price of $68.41. The stock has technical support in the $63-$64 price area. The shares are trading right 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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