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.