With Hershey Co. shares treading water the past two years and down 11 percent year to date, the candymaker is now undervalued and it is time to buy, according to a top-ranked analyst of the packaged-goods food sector.
Ken Goldman of J.P. Morgan upgraded Hershey to "overweight" from "neutral" Wednesday morning in a note sent to clients.
Goldman is one of the top analysts on Wall Street. His picks average a 16.5 percent one-year return with a 75 percent success rate and he is ranked in the top 2 percent of all analysts, according to TipRanks.com.
Here's why he likes Hershey now…