Deutsche Bank Boosts Price Target on Hershey’s, but Still Sees Downside (HSY)

On Monday analysts at Deutsche Bank raised their price target on candy and chocolate marker The Hershey Company (HSY). The firm believes the chocolate giant should be trading at a premium, but still sees downside for the stock from current levels.

Deutsche Bank maintained a “Hold” rating on HSY and now sees shares reaching $72. This new target is a -7.5% downside to Friday’s closing price of $77.85.

Hershey shares were flat during pre-market trading on Monday. The stock is up +27.12% over the past year.

The Bottom Line
Shares of Hershey (HSY) have a dividend yield of 2.16% based on Friday’s closing price of $77.85.

The Hershey Company (HSY) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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