Information Provided By:
Fly News Breaks for September 17, 2015
MAT, HBI, HAS
Sep 17, 2015 | 06:01 EDT
Goldman Sachs analyst Taposh Bari downgraded Hasbro (HAS) to Neutral citing the stock's 46% rally year-to-date. Bari believes upcoming catalysts are now fairly reflected in the valuation and keeps a $90 price target for shares. He notes his view of the toy sector, which includes Mattel (MAT), is largely unchanged. Hasbro closed yesterday up $1.17 to $80.25. Bari this morning upgraded shares of Hanesbrands (HBI) to Buy.