Hershey shares climb as Goldman Sachs upgrades to "buy"

The Hershey

16/09/2025 14:52

** Shares of chocolate maker Hershey HSY.N rise as much as 2.5% to $189.74,  trading at a more than one-month high

** Goldman Sachs upgrades stock rating to "buy" from "sell"

** Sees a good balance of risk and reward for Hershey, with cocoa and tariff costs already factored into expectations

     ** Brokerage says co's market share improved recently in seasonal sweets and mints, supported by shelf space gains and a step-up in innovation

** Expects recent price hikes to drive strong earnings growth in FY26, supported by resilient consumer demand and Hershey’s proven ability to hold pricing thanks to its iconic brands- Goldman Sachs

** Stock rated "hold" on average; median PT is $189.5, per data compiled by LSEG

** As of last close, HSY has risen ~9.5% this year

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))