Hershey: Challenging Macroeconomic Environment, But We Don't Recommend Selling It
HSYHershey(HSY) Seeking Alpha·2024-08-19 13:57

memoriesarecaptured The Hershey Company (NYSE:HSY), together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. We started covering HSY's stock in July 2022, assigning the firm a bullish rating. We maintained our positive view of the business until March 2024, when we have downgraded to neutral, primarily due to the declining net sales and muted outlook for the rest of 2024. Concerns about possible overvaluation hav ...