Fly News Breaks for April 26, 2019
Apr 26, 2019 | 09:48 EDT
BMO Capital analyst Kenneth Zaslow raised his price target on Hershey to $108 after its Q1 earnings beat that was driven by "better-than-expected seasonal sales, cost savings ahead of plan, and lower corporate expense." The analyst is keeping his Market Perform rating however, stating that in spite of the outperformance in Q1, the management maintained its 2019 EPS outlook. Zaslow also points to the "heightened competitive pressure and slowing consumption trends in developed and developing economies."
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