Wells Fargo Upgrades The Hershey Company To Outperform (HSY)
Well Fargo has published a research report on The Hershey Company (NYSE: HSY) and has upgraded the company to Outperform from Market Perform.
In the report, Wells Fargo writes "We are upgrading shares of Hershey to Outperform from Market Perform and are raising our 12-month valuation range to $55-57 from $49-51. We believe that Hershey's investments in consumer marketing, selling capabilities, and innovation over the past several years position the company for better-than-expected top and bottom line growth over the next few years
I see those OVERWEIGHT recommends are coming in on STOCK RECOMMENDATIONS rather than BMI, LOL
Technically speaking the chart now measures to 57 and so is in agreement with Wells Fargo, if we can break through resistance at 51 and change, then the stock could form a nice solid base almost a year long.
A few years from now you will be wondering why you did not BUY MORE HSY, as this stock will double, it has a wonderful profit margin.
Look at the CHARTS! Over the last FORTY YEARS it has always DOUBLED every 5 or 10 years, the last FIVE years have been the rough spot, now it is time for PAYDAY!! HSY has not had a rough spot like the last 5 years since the 70's (gee, don't a lot of things today remind you of the 70's??) and in the 80's HSY HAD MULTIPLE SPLITS. Not only can it happen again, the stocks long term HISTORY says it WILL AGAIN!
If in addition to the technical side and the historic side, HSY has ANY, and I mean ANY luck at all on the International scene (they never have, but hey, Milton Hershey just kept on trying to he got it right!) then this stock really has a long term future.
And in A WORLD OF ALMOST 7 BILLION PEOPLE, FOOD STOCKS ARE THE PLACE TO BE!!