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HSY

Hershey

$96.65

0.79 (0.82%)

05:11
04/12/18
04/12
05:11
04/12/18
05:11

Hershey initiated with a Neutral at Piper Jaffray

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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HSY Hershey
$96.65

0.79 (0.82%)

02/14/18
02/14/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Hershey (HSY) reinstated with a Neutral at JPMorgan. 2. Customers Bancorp (CUBI) initiated with a Neutral at DA Davidson. 3. Restoration Robotics (HAIR) initiated with a Buy at Craig-Hallum. 4. Nuvectra (NVTR) initiated with an Outperform at JMP Securities. 5. Endo (ENDP) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/10/18
UBSW
04/10/18
DOWNGRADE
UBSW
Sell
Hershey downgraded to Sell from Neutral at UBS
04/10/18
UBSW
04/10/18
DOWNGRADE
Target $90
UBSW
Sell
UBS downgrades Hershey to Sell on reduced chocolate buying frequency
UBS analyst Steven Strycula downgraded Hershey (HSY) to Sell from Neutral and cut his price target for the shares to $90 from $106. The stock closed yesterday up 51c to $99.36. Hershey's portfolio is over-exposed to slowing category consumption, intensifying competition, and rising cocoa prices, Strycula tells investors in a research note. The analyst notes that his firm's research indicates reduced purchase frequency for everyday chocolate as preferences shift consumption to healthier snack alternatives and online purchases. These "longer-tailed trends" carry negative margin mix and potential distribution losses for Hershey, he writes. Further, Strycula sees risk of Hershey losing U.S. share as Mars ramps production capacity, Ferrero revitalizes Nestle's legacy U.S. portfolio and Mondelez (MDLZ) accelerates its entry into U.S. chocolate.
04/10/18
04/10/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Monsanto (MON) downgraded to Market Perform from Outperform at BMO Capital with analyst Joel Jackson citing the rising likelihood of the acquisition by Bayer (BAYRY) after yesterday's reports of approval of the merger by the U.S. Department of Justice. 2. Hershey (HSY) downgraded to Sell from Neutral at UBS with analyst Steven Strycula saying Hershey's portfolio is over-exposed to slowing category consumption, intensifying competition, and rising cocoa prices. 3. Cullen/Frost (CFR) downgraded to Underperform from Market Perform at Raymond James. 4. vTv Therapeutics (VTVT) downgraded to Hold from Buy at Stifel, to Neutral from Buy at Seaport Global, Piper Jaffray, and Roth Capital, as well as to Market Perform from Outperform at Northland. 5. Radian Group (RDN) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Dwelle citing the latest reduction in borrower-paid premium rates at MGIC Investment (MTG) and saying he believes sentiment in the space will be negatively impacted. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

APTX

Aptinyx

$24.75

-0.76 (-2.98%)

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OVID

Ovid Therapeutics

$4.75

-0.42 (-8.12%)

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AXSM

Axsome Therapeutics

$2.82

-0.07 (-2.42%)

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DNLI

Denali Therapeutics

$17.53

0.24 (1.39%)

21:37
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OTIC

Otonomy

$2.34

-0.07 (-2.90%)

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Initiation
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AAPL

Apple

$186.81

-5.42 (-2.82%)

20:46
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WEI

Weidai

$0.00

(0.00%)

20:33
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CPB

Campbell Soup

$39.16

-0.1 (-0.25%)

20:31
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  • 20

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CRM

Salesforce

$129.25

-2.93 (-2.22%)

20:25
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Periodicals
Breaking Periodicals news story on Salesforce »

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WMT

Walmart

$101.58

-1.37 (-1.33%)

, JCP

J.C. Penney

$1.23

-0.05 (-3.91%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

WMT

Walmart

$101.58

-1.37 (-1.33%)

JCP

J.C. Penney

$1.23

-0.05 (-3.91%)

BERY

Berry Global

$45.91

-0.49 (-1.06%)

03/08/13
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BHVN

Biohaven Pharmaceutical

$33.70

-3.18 (-8.62%)

19:53
11/14/18
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Recommendations
Biohaven Pharmaceutical analyst commentary at Piper Jaffray »

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LOXO

Loxo Oncology

$143.69

-15.62 (-9.80%)

19:51
11/14/18
11/14
19:51
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Initiation
Loxo Oncology initiated at Raymond James »

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OCUL

Ocular Therapeutix

$5.06

-0.25 (-4.71%)

19:50
11/14/18
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Initiation
Ocular Therapeutix initiated at Raymond James »

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VYGR

Voyager Therapeutics

$11.25

-0.54 (-4.58%)

19:49
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Upgrade
Voyager Therapeutics rating change at Raymond James »

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  • 14

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GLPG

Galapagos NV

$103.79

1.03 (1.00%)

19:48
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Initiation
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COPY

CopyTele

$0.00

(0.00%)

19:47
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Upgrade
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VICI

VICI Properties

$21.43

-0.04 (-0.19%)

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Syndicate
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WHD

Cactus

$32.37

-0.7 (-2.12%)

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RVLT

Revolution Lighting

$1.42

(0.00%)

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GE

General Electric

$8.34

-0.265 (-3.08%)

19:20
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Periodicals
General Electric withdraws from Nigeria rail concession, Reuters says »

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BCSF

Bain Capital Specialty Finance

$0.00

(0.00%)

19:11
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Syndicate
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  • 15

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TSLA

Tesla

$344.07

5.36 (1.58%)

19:07
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NGHC

National General

$24.75

-3.05 (-10.97%)

19:05
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National General 5M share Secondary priced at $24.00 »

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WMT

Walmart

$101.58

-1.37 (-1.33%)

19:01
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Walmart's Cornershop to expand into Canada next year, Reuters says »

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  • 15

    Nov

WUBA

58.com

$60.54

1.65 (2.80%)

, CSCO

Cisco

$44.35

-0.78 (-1.73%)

18:54
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Hot Stocks
Fly Intel: After Hours Movers »

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58.com

$60.54

1.65 (2.80%)

CSCO

Cisco

$44.35

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VIPS

Vipshop

$5.35

0.105 (2.00%)

SFS

Smart & Final Stores

$4.96

-0.2 (-3.88%)

NTES

NetEase

$219.69

5.51 (2.57%)

SVMK

SurveyMonkey

$12.78

1.455 (12.85%)

ORCL

Oracle

$48.84

-0.68 (-1.37%)

WP

Worldpay

$82.71

-2.74 (-3.21%)

CDTI

CDTi

$1.49

-0.03 (-1.97%)

APVO

Aptevo Therapeutics

$3.13

-0.09 (-2.80%)

NTAP

NetApp

$78.05

-0.85 (-1.08%)

HSDT

Helius Medical

$9.20

-0.57 (-5.83%)

MGI

MoneyGram

$2.14

-0.09 (-4.04%)

CASI

Casi Pharmaceuticals

$3.33

0.025 (0.76%)

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