Hershey rises after Piper Sandler upgrades to 'overweight'

The Hershey

07/01/2026 12:11

** Shares of chocolate maker Hershey HSY.N rise 1.3% to $181.59 in premarket trading

** Piper Sandler upgrades stock to "overweight" from "neutral" rating

** Brokerage says lower cocoa costs and the removal of tariffs give co more room to invest in growth and still raise profits faster than usual

** While cocoa costs remain volatile and uncertain, and it is hard to know HSY’s sourcing, it has indicated 2026’s costs should no longer be inflationary - Piper Sandler

     ** Brokerage raises PT to $213 from $193, a 17.19% upside to stock's last close of $179.28

** 7 of 25 brokerages rate the stock "buy" or higher, 17 "hold" and 1 "sell"; their median PT is $193.5 - data compiled by LSEG

** Shares of co up 7.52% in 2025

 (Reporting by Kanishka Ajmera in Bengaluru)

 ((mail to: Kanishka.Ajmera@thomsonreuters.com))