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Fly News Breaks for April 12, 2018
HSY
Apr 12, 2018 | 05:11 EDT
Piper Jaffray analyst Michael Lavery started Hershey with a Neutral rating and $99 price target. The analyst sees higher cocoa costs weighing on the company's margin outlook in the second half of 2018 and 2019. He also believes Hershey's Tyrrells business could still be losing money.
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