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Fly News Breaks for April 18, 2018
HAS
Apr 18, 2018 | 06:36 EDT
DA Davidson analyst Linda Bolton Weiser kept her Buy rating and $126 price target on Hasbro ahead of its earnings next Monday. With her estimates for the quarter below those of the Street, the analyst anticipates Q1 results to disappoint and for subsequent consensus to come down further to reflect the ongoing uncertainties around the inventory impact from the liquidation of Toys R' Us. Weiser adds however that medium-to-longer term investors should use any post-earnings weakness as an opportunity to accumulate shares, contending that the broader impact of Toys R' Us on 2018 should be "minimal" while sales return to mid-single digit growth going into the release of the new Frozen film in 2019.