Wells Fargo cuts Hershey target: Hershey Company stock sits 3.96 percent above low

Published on 10/06/2026 at 14:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wells Fargo cut its Hershey target to USD 170.00 on October 5, 2026. Hershey Company stock costs EUR 143.68, plus 0.16 percent.

Bauhaus-Poster mit geometrischen Formen in Brauntönen und Bordeaux, Sektortext SÜSSWAREN und NYSE-Kürzel — Hershey Company US4278661081 als Bauhaus Poster mit geometrischen Formen und Sektor Text SÜSSWAREN NYSE, Illustration mit AI erstellt.

Hershey Company (ISIN US4278661081) stock was trading at EUR 143.68 at Lang & Schwarz on October 6, 2026 at 2:06 p.m. CEST, up 0.16 percent versus the EUR 143.45 prior close. According to MarketBeat on October 5, 2026, Wells Fargo cut its Hershey price target from USD 190.00 to USD 170.00 while keeping an equal weight rating.

Wells Fargo lowers the target

The reduction represents a 10.53 percent cut from the former target. MarketBeat also reported six Buy ratings and sixteen Hold ratings, leaving the stock with a consensus Hold rating and an average target of USD 203.67.

The new USD 170.00 target is a direct counterweight to the consensus figure. It also places greater emphasis on volume trends and the balance between pricing and consumer demand.

Second-quarter revenue reached USD 2.79 billion

According to MarketBeat, Hershey reported USD 2.79 billion in revenue for the second quarter of 2026, up 6.60 percent from the same quarter a year earlier. Reported earnings per share were USD 1.90, exceeding the USD 1.43 consensus by USD 0.47.

The company set fiscal 2026 earnings-per-share guidance at USD 8.36 to USD 8.52, while analysts cited by MarketBeat expected USD 8.49. That narrow gap makes the next earnings update important for judging whether the guidance range remains credible.

Leadership change adds a second date

As AFX News reported on October 1, 2026, Hershey appointed Amanda Almond as president, International, effective October 12, 2026. She succeeds Rohit Grover and joins from Vinarchy after senior regional roles at Bacardi.

Stock stays near its yearly low

Hershey stock was trading 3.96 percent above its EUR 138.20 52-week low on the same October 6 session, based on the dated Tradegate market page. Market capitalization stood at USD 32.7 billion on October 5, 2026, while the NYSE listing showed a USD 156.16 to USD 239.48 52-week range.

Price source: Lang & Schwarz, October 6, 2026 at 2:06 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Hershey Company stock.