Subject: Re: FKA: HSY
Hershey (NYSE:HSY) was cut to underweight at Wells Fargo on earnings risk for the iconic chocolate maker. Shares of Hershey rose 2% despite the downgrade.

"The past week (cocoa diaries...HSY/MDLZ assessment) has crystallized a simple fact: HSY is on the precipice of historic EPS pressure in 2025 and (now) into 2026...and Street EPS needs to come down substantially," Wells Fargo analyst Chris Carey wrote in a note on Thursday.

https://seekingalpha.com/news/...

Maybe Hershey will not get the mid twenties PE as a consistent solid growth moaty company that it did in the past. Is it going the way of Nestle and Coke with virtually no growth and investors will have to settle for a much lower PE?