Reported 3 days ago
Despite a 42% decline from its peak, The Hershey Company (NYSE: HSY) is considered a prime candidate for long-term investment. The stock drop is attributed to rising cocoa prices and concerns about weight loss drugs impacting candy sales. However, Hershey remains a profitable business with a track record of resilience and strong dividend payments. Analysts predict a rebound as cocoa prices stabilize, making it an enticing option for investors willing to overlook current challenges.
Source: YAHOO