03:11 PM EDT, 08/01/2025 (MT Newswires) -- Hershey (HSY) reported a solid second quarter with strong margins and is heading to an improving fiscal 2026, said UBS in a note emailed on Friday, but it cautioned the expectations might have priced in already on the stock.

"We would wait for a more attractive entry point or greater clarity on the magnitude of bottom line growth looking out to FY26 before potentially becoming constructive," analysts at UBS said.

The brokerage kept the Hershey's stock at neutral as it flagged uncertain variables such as rising cost of ingredients especially cocoa, tariffs and demand elasticity.

UBS raised price target of the confectionery and snacks company to $192 from $170.

Shares in the company were up over 2% in recent trading.

Price: 189.64, Change: +3.51, Percent Change: +1.89