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Fly News Breaks for May 30, 2019
HSY
May 30, 2019 | 08:58 EDT
Credit Suisse analyst Robert Moskow raised his price target for Hershey to $130 from $123 due to the improving retail sales trends in his most recent Nielsen tracking data and the positive tone he heard from members of management at this year's Sweet and Snacks Expo in Chicago. While the analyst recognizes that no food company comes to a trade show to give a pessimistic message to customers, he noticed a more upbeat tone from Hershey than last year and some compelling hard data to support it. Moskow reiterates a Neutral rating on the shares.