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HSY

Hershey

$140.43

2.02 (1.46%)

05:00
07/17/19
07/17
05:00
07/17/19
05:00

Hershey upgraded to Neutral from Sell at Goldman Sachs

Goldman Sachs analyst Jason English upgraded Hershey to Neutral from Sell and raised his price target for the shares to $142 from $86. The analyst confirmed with industry sources and Hershey management that Mars has announced a 9.0%-9.5% price increase on single-serve chocolate while also announcing that it is following Hershey's previously announced lead to raise seasonal chocolate prices for this upcoming Halloween selling season. He expects Hershey to announce that it is following Mars' lead on single-serve chocolate when it reports earnings next week. A 9.5% price increase can add 84c of earnings power to the company's annual earnings per share, according to English. This is "material new information" for Hershey, as single-serve chocolate represents roughly $2.3B of the company's sales, the analyst tells investors in a research note. He raised his estimates upgraded the shares to reflect this new information.

  • 25

    Jul

HSY Hershey
$140.43

2.02 (1.46%)

06/11/19
EVER
06/11/19
INITIATION
Target $145
EVER
In Line
Hershey initiated with an In Line at Evercore ISI
Evercore ISI analyst David Palmer started Hershey with an In Line rating and $145 price target.
06/19/19
PIPR
06/19/19
DOWNGRADE
Target $125
PIPR
Underweight
Hershey downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Michael Lavery downgraded Hershey to Underweight but raised his price target to $125 from $122.
06/20/19
PIPR
06/20/19
DOWNGRADE
Target $125
PIPR
Underweight
Piper downgrades Hershey to Underweight with shares at 'high premium'
Piper Jaffray analyst Michael Lavery last night downgraded Hershey (HSY) to Underweight from Neutral while raising his price target for the shares to $125 from $122. Hershey has a U.S.-centric portfolio with generally stable sales and earnings growth, but the valuation at current share levels "now looks inconsistent with consensus expectations," Lavery tells investors in a research note. The stock trades at a "historically high premium" relative to U.S. consumer peers, despite consensus earnings growth expectations that are more in-line with peers, contends the analyst. He points out that Hershey shares trade at a 70% premium to Kellogg (K) even though Hershey's consensus earnings growth outlook is in-line with Kellogg's.
06/20/19
06/20/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Novo Nordisk (NVO) downgraded to Hold from Buy at Deutsche Bank with analyst Richard Parkes citing valuation. 2. Shopify (SHOP) downgraded to Neutral from Outperformer at CIBC with analyst Todd Coupland stating that while he is encouraged by the company's product announcements, he believes the upside seen in his investment thesis has now been priced into the stock. 3. Enphase Energy (ENPH) downgraded to Neutral from Buy at H.C. Wainwright with analyst Amit Dayal saying at current levels, the shares are more than adequately pricing in another earnings beat for Q2 and potential guidance raise for 2019. 4. Hershey (HSY) downgraded to Underweight from Neutral at Piper Jaffray with analyst Michael Lavery stating the company has a U.S.-centric portfolio with generally stable sales and earnings growth, but the valuation at current share levels "now looks inconsistent with consensus expectations". 5. Carnival (CCL) downgraded to Market Perform from Outperform at William Blair with analyst Sharon Zackfia noting the company lowered expectations for the remainder of the fiscal year, with constant-currency net yields now expected to be flattish to slightly down in Q3 and down in Q4. 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

WIT

Wipro

$3.76

0.07 (1.90%)

09:59
10/15/19
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Earnings
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  • 15

    Oct

WIT

Wipro

$3.76

0.07 (1.90%)

09:57
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Earnings
Wipro reports Q2 EPS 6c, consensus 6c »

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  • 15

    Oct

UNH

UnitedHealth

$233.50

13.18 (5.98%)

, ANTM

Anthem

$244.77

10.04 (4.28%)

09:55
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Options
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UNH

UnitedHealth

$233.50

13.18 (5.98%)

ANTM

Anthem

$244.77

10.04 (4.28%)

CI

Cigna

$157.49

5.875 (3.87%)

SCHW

Charles Schwab

$38.63

0.89 (2.36%)

NVDA

Nvidia

$192.32

5.81 (3.12%)

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EMR

Emerson

$66.89

-0.32 (-0.48%)

09:54
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  • 05

    Nov

JNJ

Johnson & Johnson

$132.66

1.99 (1.52%)

09:53
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  • 15

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EMR

Emerson

$67.03

-0.18 (-0.27%)

09:51
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  • 05

    Nov

TNDM

TNDM

, ABT

Abbott

$81.63

1.82 (2.28%)

09:50
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09:50
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Recommendations
TNDM, Abbott, DexCom, Insulet analyst commentary  »

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ABT

Abbott

$81.63

1.82 (2.28%)

DXCM

DexCom

$153.56

-6.64 (-4.14%)

PODD

Insulet

$154.02

1.72 (1.13%)

03/08/13
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AMBA

Ambarella

$56.30

3.19 (6.01%)

09:50
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Recommendations
Ambarella analyst commentary  »

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  • 18

    Oct

09:50
10/15/19
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General news
IMF's global growth outlooks were trimmed »

IMF's global growth…

NR

Newpark Resources

$6.77

-0.155 (-2.24%)

09:47
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Newpark Resources falls -5.3% »

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  • 31

    Oct

MTW

Manitowoc

$10.71

-0.68 (-5.97%)

09:47
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Hot Stocks
Manitowoc falls -5.9% »

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PAGS

PagSeguro Digital

$40.25

-6 (-12.97%)

09:47
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Hot Stocks
PagSeguro Digital falls -13.7% »

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  • 23

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UNH

UnitedHealth

$233.30

12.98 (5.89%)

09:47
10/15/19
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Hot Stocks
UnitedHealth rises 5.7% »

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  • 15

    Oct

FRC

First Republic

$103.44

6.08 (6.24%)

09:47
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First Republic rises 6.0% »

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  • 15

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APHA

Aphria

$5.39

1.06 (24.48%)

09:47
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Aphria rises 21.8% »

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  • 15

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TBPH

Theravance Biopharma

$17.25

(0.00%)

09:45
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Syndicate
Theravance Biopharma 5.7M share Block Trade priced at $17.50 »

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BYSI

BeyondSpring

$18.08

(0.00%)

09:44
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Syndicate
Breaking Syndicate news story on BeyondSpring »

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  • 15

    Oct

EMR

Emerson

$67.21

(0.00%)

09:43
10/15/19
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Periodicals
D.E. Shaw report calling for Emerson split coming today, CNBC reports »

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  • 05

    Nov

STLD

Steel Dynamics

$29.64

(0.00%)

, IGT

International Game

$14.02

(0.00%)

09:40
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Options
Unusually active option classes on open October 15th »

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STLD

Steel Dynamics

$29.64

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IGT

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$14.02

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JPM

JPMorgan

$116.39

(0.00%)

UNH

UnitedHealth

$220.32

(0.00%)

GS

Goldman Sachs

$205.81

(0.00%)

NVDA

Nvidia

$186.51

(0.00%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$86.83

(0.00%)

C

Citi

$70.28

(0.00%)

WLL

Whiting Petroleum

$7.26

(0.00%)

SCHW

Charles Schwab

$37.74

(0.00%)

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  • 15

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CPIX

Cumberland

$5.59

-0.05 (-0.89%)

09:38
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EMR

Emerson

$67.21

0.16 (0.24%)

09:37
10/15/19
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Periodicals
Breaking Periodicals news story on Emerson »

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  • 05

    Nov

IAC

IAC

$226.69

-0.5 (-0.22%)

, MTCH

Match Group

$74.00

-0.12 (-0.16%)

09:34
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Conference/Events
Cowen US internet/media analyst to hold analyst/industry conference call »

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IAC

IAC

$226.69

-0.5 (-0.22%)

MTCH

Match Group

$74.00

-0.12 (-0.16%)

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ECA

Encana

$4.28

-0.14 (-3.17%)

09:31
10/15/19
10/15
09:31
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09:31
Downgrade
Encana rating change  »

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  • 31

    Oct

WLL

Whiting Petroleum

09:31
10/15/19
10/15
09:31
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09:31
Downgrade
Whiting Petroleum rating change  »

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  • 06

    Nov

OAS

Oasis Petroleum

$3.11

-0.135 (-4.17%)

09:31
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Downgrade
Oasis Petroleum rating change  »

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