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Fly News Breaks for February 13, 2017
HAS
Feb 13, 2017 | 06:50 EDT
Goldman analyst Michael Ng initiated Hasbro with a $110 price target saying he sees upside to consensus estimates on higher revenue, while its portfolio of entertainment-backed toys provides earnings visibility. Ng said boys toys will have an unprecedented amount of movie support, momentum in Disney Princess should drive growth in Girls, and balance sheet strength creates optionality.