Bank of America lowers target price for Hershey Company
What happened
Bank of America reduced its target price for Hershey Company from $220.00 to $200.00 and assigned a neutral rating in a report released on June 25th. This move comes as other firms have also adjusted their outlooks; Wells Fargo & Company lowered its target price from $200.00 to $190.00, and Barclays decreased its objective from $208.00 to $200.00.
From tickerreport.com
Why it matters
The reduction in target prices and the neutral rating from Bank of America contribute to a broader trend among analysts covering Hershey Company. Currently, twenty-two analysts covering the firm give it an average recommendation of “Hold”.
From tickerreport.com
Who's involved
- Bank of AmericaAmerican multinational banking and financial services corporation that issued the price reduction
- HersheyThe parent company responsible for the production and market presence of the Twizzlers brand
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- HersheySpeculative
Hershey Company might see its market valuation negatively affected by the analyst rating downgrade and target price reduction.
Keep exploring
The entities involved
-
Bank of America
American multinational banking and financial services corporation
-
Twizzlers
brand of candy produced by Hershey
Related events
- Bank of America and Morgan Stanley lowered their price targets for Allegion stock on August 17, 2026.
- Bank of America raised its price target on Affirm.
- BlackRock raised its target price and gave a buy rating for Bank of America.
- Financial firms including Bank of America, Morgan Stanley, and Truist Financial adjusted price targets and ratings for Somnigroup International Inc.
- Bank of America boosted its price target and gave a buy rating for Guardian Pharmacy Services, Inc. on September 15, 2026. Truist Financial also boosted its target price and gave a buy rating on the same day.