Moskow sees Hershey ‘rangebound’ with cocoa surging
Source: FoodBusinessNews
NEW YORK —Even as the company faces sharply higher cocoa prices this year and next, The Hershey Co. continues to benefit from strong management and its leadership position in the confectionery category, said Robert Moskow, an analyst with TD Cowen. He sees Hershey’s stock treading water in the near term.Moskow discussed the cocoa situation in an April 2 company update. TD Cowen maintains a hold rating for Hershey…
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