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Fly News Breaks for September 12, 2019
HSY
Sep 12, 2019 | 07:09 EDT
As previously reported, Bernstein analyst Alexia Howard downgraded Hershey to Market Perform from Outperform, while keeping her $155 price target on the shares. Although the analyst believes that Hershey will continue to enjoy margin improvement and low-single-digit top line growth, she now thinks the benefits of improved input costs and upcoming price increases have largely been recognized by the market.