date:Jan 09, 2014
Deutsche Bank upgraded Hershey (NYSE: HSY) from Hold to Buy with a price target of $108.00 (from $90.00).
Analyst Eric Katzman cited: (1) current CEO Bilbrey and his senior management team methodically building Hersheys emerging market presence, (2) solid leadership and decent growth prospects in the highly profitable U.S. market, (3) FCF growth / efficiency in excellent shape with usage logical, and (4) valuation palatable, at least when viewed through our quadrant analysis.
For an analyst ra