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Analysts Offer Insights on Consumer Goods Companies: The Hershey Company (HSY) and WK Kellogg Co (KLG)

Analysts fell to the sidelines weighing in on The Hershey Company (HSYResearch Report) and WK Kellogg Co (KLGResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

The Hershey Company (HSY)

Mizuho Securities analyst John Baumgartner maintained a Hold rating on The Hershey Company on May 3 and set a price target of $200.00. The company’s shares closed last Tuesday at $198.16.

According to TipRanks.com, Baumgartner is a 4-star analyst with an average return of 9.2% and a 64.4% success rate. Baumgartner covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Simply Good Foods, and BellRing Brands.

Currently, the analyst consensus on The Hershey Company is a Hold with an average price target of $202.44, which is a 2.3% upside from current levels. In a report issued on April 19, Edward Jones also downgraded the stock to Hold.

See today’s best-performing stocks on TipRanks >>

WK Kellogg Co (KLG)

Bank of America Securities analyst Peter Galbo reiterated a Hold rating on WK Kellogg Co yesterday and set a price target of $24.00. The company’s shares closed last Tuesday at $24.27, close to its 52-week high of $24.63.

According to TipRanks.com, Galbo is a 3-star analyst with an average return of 2.0% and a 47.1% success rate. Galbo covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, McCormick & Company, and Duckhorn Portfolio.

Currently, the analyst consensus on WK Kellogg Co is a Moderate Sell with an average price target of $17.88, which is a -23.5% downside from current levels. In a report issued on April 26, Stifel Nicolaus also maintained a Hold rating on the stock with a $20.00 price target.

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