February 06, 2013 at 10:53 AM EST
Argus Research Increases Price Target on Hershey; Maintains “Buy” Rating (HSY)

On Wednesday analysts at Argus Research boosted the price target on chocolate and candy giant The Hershey Company (HSY).

The analysts reaffirmed its “Buy” rating on HSY and raised its price target by $10 to $92. This new target suggests a 15% upside to Tuesday’s closing price of $80.02.

Hershey shares were up slightly during Wednesday trading. The stock is up about +31% over the past year.

The Bottom Line
Shares of The Hershey Company (HSY) have a dividend yield of 2.10% based on Wednesday’s intraday trading price of $80.18 and the company’s annualized dividend payout of $1.68 per share.

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.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here