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Fly News Breaks for October 27, 2016
HSY
Oct 27, 2016 | 09:25 EDT
Citi analyst David Driscoll upgraded Hershey Foods to Buy on expectations the shares will rebound in 2017. The imminent announcement of a cost savings program could add as much as 300 basis to margins and serve as a positive catalyst, Driscoll tells investors in a research note. He lowered his price target for the shares to $110 from $115.
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