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After visiting the company's headquarters, Piper Sandler reiterated on Wednesday that it had a Neutral rating and a $200.00 price target on shares of The Hershey Company (NYSE:NYSE:HSY). The discussion with CFO Steve Voskuil and CEO Michele Buck emphasized Hershey's status as a market leader with strong pricing power and an active innovation pipeline. Notwithstanding these advantages, the corporation still has to contend with growing cocoa prices, which have increased by around 110% in the first quarter of 2024.