Hershey could be poised for strong gains ahead, according to Goldman Sachs. The bank double upgraded shares of the chocolate and cocoa products company to buy from sell and hiked its price target to $222 from $170, which implies more than 19% upside from Monday's closing price. "After multiple guidance reductions over the past year, we now see a compelling risk/reward set-up for the stock, with cost pressures (e.g., cocoa, tariffs) largely known and reflected in expectations, plus the company's market share trends have improved with incremental tailwinds expected in 2H," analyst Leah Jordan wrote in a Tuesday note. "Additionally, we expect recent pricing announcements to drive outsized earnings growth in FY26 with a solid consumer backdrop supporting better-than-expected elasticities, noti
Hershey gets a double upgrade from Goldman Sachs as market share trends improve

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