Information Provided By: 
Fly News Breaks for October 23, 2018
HAS
Oct 23, 2018 | 08:34 EDT
SunTrust analyst Michael Swartz lowered his price target on Hasbro to $96 after its "disappointing" Q3 results that were highlighted by a 100bps decline in gross margins, revenue pressure from Toys R Us liquidation, and "corrective inventory actions in Europe". The analyst also lowers his FY18 EPS view to $4.30 from $4.92 and his FY19 view to $5.05 from $5.25, anticipating Hasbro's sales and margin pressures to persist until the middle of 2019. Swartz kept his Hold rating on the shares.
News For HAS From the Last 2 Days
