Hershey Stock Downgraded on Cocoa Inflation

Group 1 - Citigroup downgraded Hershey Co (NYSE:HSY) from "neutral" to "sell" and reduced the price target from $195 to$182, citing cocoa inflation and volume challenges as potential negative impacts on earnings [1] - Hershey's stock was trading at $194.80, down 0.8%, and has experienced a 10.8% year-over-year deficit [1] - The stock's 50-day call/put volume ratio is 3.01, indicating that bullish bets are significantly more popular than usual, higher than 90% of readings from the past year [1] Group 2 - The current premium for Hershey stock is considered affordably priced, with a Schaeffer's Volatility Index (SVI) of 19%, which is in the low 24th percentile of annual readings [2]