Hershey Rises, Hims & Hers Drops, Warner Bros. Discovery Falls

On this edition of Stock Movers:

- Hershey (HSY) shares climbed today after Goldman Sachs wrote in a note saying the chocolate maker's market-share trends are improving, and there are incremental tailwinds ahead for the chocolate and confectionery company, Goldman Sachs writes in note as double-upgrades to buy. Analyst Leah Jordan says Hershey has historically had strong pricing power linked to its iconic portfolio, and recent announcements on pricing are expected to drive outsized growth in FY26. Cost pressures from tariffs and price of cocoa are well understood and now reflected in expectations, which leaves a more compelling risk profile. Previous negative view on the company had been mainly based on market-share losses in US, but trends are showing some signs of improvement.

- Hims & Hers Health (HIMS) shares slid today after the FDA sent a warning letter to the telehealth platform, saying the company’s claims about compounded semaglutide products on their website are false or misleading.

- Warner Bros. Discovery (WBD) shares fell as TD Cowen downgraded to hold from buy after the stock rallied even as Paramount is still to make an official offer. Analyst Douglas Creutz says the stock has surged “well beyond our $14 price target following last week’s unsubstantiated report that Paramount Skydance may be considering a bid for the company” “While PSKY may come in with a $20+ bid, we don’t love the risk-reward here given the potential for WBD shares to quickly round-trip to $11-$12 if the bid doesn’t materialize”. Downgrade reflects “the speculative nature of the current rally and the elevated risk profile at these levels”.

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