Analysts at Morgan Stanley recently gave a bullish outlook on confectionery giant Hershey Foods (HSY), raising HSY stock’s rating from “Equal Weight” to “Overweight.” Morgan Stanley noted that the company could be facing a comeback after one of the most significant periods of negative revisions in Hershey’s history.
Analysts see early-stage positive inflection in the company’s fundamentals, which could drive faster EPS growth. They also raised the stock price target from $195 to $211, implying 13% upside from current levels.
