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Hershey’s Pricing Power Continues To Sweeten Sales, Drive Growth: Analyst

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Shares of Hershey Co (NYSE: HSY) rose in premarket trading on Monday.

The candy company’s market share and volume trends have improved significantly in recent months, according to Bernstein.

The Hershey Analyst: Alexia Howard upgraded the rating for Hershey from Market Perform to Outperform, while raising the price target from $220 to $235.

Check out other analyst stock ratings.

The Hershey Thesis: The company’s trends have improved since the launch of Reese’s caramels, Howard said in the upgrade note.

The analyst mentioned three other reasons for the upgrade:

  • Robust top line growth continues with cocoa spot prices …

Full story available on Benzinga.com

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