Hershey's Price Target Raised to $247 by Morgan Stanley Amid Unification Efforts

Morgan Stanley raised its price target on The Hershey Company to $247 from $238, citing the market's focus on pricing rollback risk and underestimating earnings recovery from cocoa normalization starting in 2026. The firm maintains an Overweight rating on the shares. The company recently launched a unified U.S. commercial operating model to bolster customer partnerships and accelerate leadership in the snacking domain.