Hershey rises after Piper Sandler upgrades to 'overweight'

Shares of chocolate maker Hershey HSY.N rise 1.3% to $181.59 in premarket trading

Piper Sandler upgrades stock to "overweight" from "neutral" rating

Brokerage says lower cocoa costs and the removal of tariffs give co more room to invest in growth and still raise profits faster than usual

While cocoa costs remain volatile and uncertain, and it is hard to know HSY’s sourcing, it has indicated 2026’s costs should no longer be inflationary - Piper Sandler

Brokerage raises PT to $213 from $193, a 17.19% upside to stock's last close of $179.28

7 of 25 brokerages rate the stock "buy" or higher, 17 "hold" and 1 "sell"; their median PT is $193.5 - data compiled by LSEG

Shares of co up 7.52% in 2025