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Fly News Breaks for July 17, 2018
HAS
Jul 17, 2018 | 08:52 EDT
MKM Partners analyst Eric Handler kept his Neutral rating and $92 price target on Hasbro but also lowered its Q2 EPS view to 34c from 46c. The analyst cites the likelihood of weak performance of toy sales related to the "disappointing" Solo: A Star Wars Story movie box office tally. Handler also notes that while the headwinds related to the liquidation of Toys R Us have likely dissipated, "other industry issues such as the shifting European retail landscape, rising transportation costs and higher oil price" may weigh on its near-term results.
News For HAS From the Last 2 Days
