Citigroup Raises Price Target on Hersheys (HSY)

Citigroup Raises Price Target on Hersheys (HSY)

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Citigroup reported on Tuesday that they have raised their price target on chocolate maker The Hershey Company (HSY).

The firm has increased their price target for HSY to $89. This price target suggests a 13% upside to the stock’s current price of $77.39.

Analysts have increased the company’s price target due to an improved EPS outlook for 2013.

Hershey shares were mostly flat during Tuesday morning trading. The stock has increased 26% in the past year.

The Bottom Line
Shares of The Hershey Company (HSY) have a 2.17% yield, based on Monday’s closing price of $77.58.

The Hershey Company (HSY) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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