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Hershey Analyst Raises Forecast, 'Stock Tempting As A Chocolate Bar, But Risks Remain,' After Q1 Results

Hershey Co (NYSE:HSY) on Friday reported better-than-expected earnings for its first quarter. The stock is "as tempting as a chocolate bar," but some risks remain, according to Wells Fargo. The Hershey Analyst: Chris Carey maintained an Equal Weight rating on Hershey, while raising the price target from $200 to $205. The Hershey Thesis: The multiples for the new target price are still at the low end of the stock's 12-year average, Carey said in the note. Check out other analyst stock ratings. "Growth ...