Information Provided By:
Fly News Breaks for April 24, 2018
HAS
Apr 24, 2018 | 06:50 EDT
DA Davidson analyst Linda Bolton Weiser lowered her price target on Hasbro to $113 after its "weak" Q1 earnings and a 16% sales decline attributable to Toys R Us liquidation, which accounted for 9% of sales last year. Despite lowering the price target and FY18 EPS view to more "safe levels" of $4.75 from $5.55, the analyst also keeps her Buy rating, citing the company's optimism in shifting the lost TRU sales to other retailers in the second half of the year. Weiser was also positive on the company's Star Wars performance, "alluding to the possibility of new ongoing kids entertainment content". .
News For HAS From the Last 2 Days
There are no results for your query HAS