Analysts at Deutsche Bank provided their view on The Hershey Company’s (NYSE:HSY) upcoming Q3 results (exp. October 28), noting that the company continues to demonstrate favorable fundamentals and execution capabilities backed by strong US consumption data and expected increase in pricing heading into 2022.

The analysts increased their price target on the company’s shares to $184 from $174, anticipating ahead-of-consensus revenue of $2.354 billion, but lower its gross margins estimates to 44.7% from 44.8% on worsening cost pressures.