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Fly News Breaks for August 17, 2017
HSY
Aug 17, 2017 | 08:08 EDT
As noted earlier, Bernstein upgraded Hershey to Outperform from Market Perform. Analyst Alexia Howard believes that lower input costs could boost the company's gross margins heading into 2018. She expects the U.S. chocolate category to grow modestly going forward, driven by millenials' love of snacking and increased innovation. Target to $127 from $109.
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