Argus Research Increases Price Target on Hershey; Maintains “Buy” Rating (HSY)
On Wednesday analysts at Argus Research boosted the price target on chocolate and candy giant The Hershey Company (HSY).
The analysts reaffirmed its “Buy” rating on HSY and raised its price target by $10 to $92. This new target suggests a 15% upside to Tuesday’s closing price of $80.02.
Hershey shares were up slightly during Wednesday trading. The stock is up about +31% over the past year.
The Bottom Line
Shares of The Hershey Company (HSY) have a dividend yield of 2.10% based on Wednesday’s intraday trading price of $80.18 and the company’s annualized dividend payout of $1.68 per share.
The Hershey Company (HSY) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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