TD Cowen analyst Robert Moskow maintains $Hershey (HSY.US)$ with a hold rating, and adjusts the target price from $190 to $172.
According to TipRanks data, the analyst has a success rate of 48.0% and a total average return of 4.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hershey (HSY.US)$'s main analysts recently are as follows:
Estimates for Hershey and Mondelez have been lowered primarily due to the increasing prices of cocoa. The futures curve for cocoa has seen a significant uptick in recent months. It is anticipated that cocoa hedges, which typically extend nine months or more, might impact earnings more heavily in the second half of 2025 compared to the first half.
The outlook for 2025 appears challenging for the food and beverage industry due to several factors. First, a significant change in the regulatory environment is unlikely. Additionally, the usage of GLP-1 is increasing slowly, and it has a high rate of dropouts. Moreover, value-seeking behavior tends to normalize as consumers adjust to elevated prices and experience the effects of wage inflation. To enhance their value perception among consumers, many brands within the industry may need to reconsider and adjust their pricing and margin structures.
Historic levels of underperformance have set 'a low bar' for the U.S. Food group, but heading into 2025, signs of stabilizing volume and improved earnings delivery will be critical areas to watch.
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TD Cowen分析师Robert Moskow维持$好时 (HSY.US)$持有评级，并将目标价从190美元下调至172美元。
根据TipRanks数据显示，该分析师近一年总胜率为48.0%，总平均回报率为4.0%。
此外，综合报道，$好时 (HSY.US)$近期主要分析师观点如下：
由于可可价格的上涨，关于好时和亿滋的估计已被下调。最近几个月，可可的期货曲线出现了显著的上涨。预计通常延续九个月或更长时间的可可对冲将在2025年下半年对收益的影响可能会比上半年更大。
由于多个因素，2025年的食品和饮料行业前景似乎充满挑战。首先，监管环境的重大变化不太可能发生。此外，GLP-1的使用缓慢增长，并且其退订率很高。再者，随着消费者适应高价格并感受到工资通货膨胀的影响，寻求价值的行为往往会正常化。为了增强他们在消费者心中的价值感，行业内的许多品牌可能需要重新考虑和调整其定价和利润结构。
历史水平的表现不佳为美国食品组设定了“低标准”，但进入2025年，稳定的成交量和改善的收益表现将是需要重点关注的关键领域。
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