Hershey estimates and price target raised at JPMorgan JPMorgan raised its 2015 and 2016 earnings estimates for Hershey citing greater confidence in the company's revenues and gross margins after meeting with management. The firm upped its price target for shares to $105 from $101 and keeps an Overweight rating on the stock.
Citi says Hershey, TreeHouse, Mead still top picks in Food After meeting with ten U.S. Food Manufacturers, Citigroup says Hershey (HSY), TreeHouse (THS) and Mead Johnson (MJN) remain its top picks in the space. Citi favors domestic companies, but says the consumer environment for food remains difficult with volume growth "hard to come by" in the U.S. The firm believes the expected uptick in U.S. food growth is failing to materialize.