Hershey Price Target Cut to $206.00, Analysts See 10.42% Upside

The Hershey Company (NYSE: HSY) has had its price target lowered by analysts at Royal Bank Of Canada from $212.00 to $206.00 in a recent report.

This change suggests a potential upside of 10.42% from the company's current price, which is currently around $186.56 per share.

HSY has been the topic of several other research reports in recent weeks, with analysts at Piper Sandler lowering their target price on Hershey from $249.00 to $200.00 and setting an 'overweight' rating on the stock.

The company's earnings report for the quarter was released on Thursday, July 30th, which showed a revenue of $2.79 billion and EPS of $1.90, beating analysts' consensus estimates of $2.63 billion and $1.43 respectively.