Hershey faces stock downgrade as Morgan Stanley analyst cites concerns over mixed Q4 earnings and bleak midterm outlook amidst cocoa inflation and weakened consumer demand. Analyst Pamela Kaufman predicts input cost inflation and gross margin contraction, leading to lowered EPS estimates for 2025, despite Hershey's proactive measures and investment plans in innovation.
Oppenheimer analyst Noah Kaye downgrades EnerSys to Perform, citing concerns over revenue miss and weak Q4 guidance. Analyst Noah Kaye lowered revenue and EPS estimates.
Aptiv shares decline as Morgan Stanley downgrades to Underweight, citing concerns over Q4 FY23 results and a lowered price target of $74. Analyst Adam Jonas warns of EV demand slowdown, impacting Aptiv's growth outlook.