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Citigroup Raises Price Target on Hersheys (HSY)
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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