B of A Securities analyst Peter Galbo has maintained a Neutral rating on Hershey (NYSE: HSY) while lowering the price target to $200 from $220. The adjustment reflects a revised outlook on the company's stock performance.

Rating and Price Action

The firm's decision to lower the price target comes as part of a routine evaluation of Hershey's market position. The new target of $200 represents a decrease from the previous estimate of $220.

Hershey continues to trade on the NYSE under the ticker symbol HSY.

The Hershey Company has appointed Heather Hoytink as President, U.S., effective July 8, 2026. Hoytink will assume end-to-end accountability for the company's U.S. commercial business, leading execution across its full snacking portfolio of confection, salty, and protein categories. The appointment aims to accelerate growth in the U.S. market through a unified commercial model.

Hoytink joins The Hershey Company with more than 20 years of experience in sales, operations, and commercial leadership. She most recently served as Senior Vice President and Chief Commercial Officer, U.S. Away From Home Beverages at PepsiCo. In that capacity, she led the North America beverage and commercialization agenda across the Away From Home channel, partnering with large national customers to drive growth. Previously, as President of the South Division, she led a region through sustained topline growth and margin expansion.

Strategic Focus

As President, U.S., Hoytink will advance the ONE Hershey commercial model. This strategy focuses on delivering greater value to retail partners and consumers by integrating operations across away-from-home, omnichannel, digital, and emerging channels. The company expects her experience in leading complex customer organizations to strengthen its market position.

Leadership Perspective

Kirk Tanner, President and CEO of The Hershey Company, highlighted the strategic value of the appointment. "We're thrilled to welcome Heather to Hershey. She's an outstanding people leader with deep customer relationships, the operating discipline to execute at scale and a track record of growth that will accelerate our U.S. business," said Tanner. He noted that her background makes her well-suited to lead the team into the next generation of growth.

Hoytink expressed enthusiasm for her new role. "I'm excited to join Hershey at such a dynamic moment for the business. Hershey's iconic brands, strong customer partnerships and talented team create an incredible foundation for growth," she stated. She emphasized her focus on building winning teams and investing in people to unlock new opportunities.

Executive Background

The Hershey Company generates more than $11.7 billion in annual revenues and operates in approximately 65 countries with over 20,000 employees worldwide.