Higher cocoa prices will pressure Hershey’s stock, analyst says - MarketWatch
1. Piper Sandler cut HSY rating to underweight due to high cocoa prices. 2. Analyst lowered HSY price target by $23 to $120 based on profit impact. 3. 2026 profit estimate reduced from $8.50 to $7.05, below consensus. 4. Cocoa crop risks a fourth deficit amid adverse weather conditions. 5. HSY has underperformed, dropping 11.1% in 2025 compared to S&P 500 gains.