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Fly News Breaks for April 25, 2019
HAS
Apr 25, 2019 | 08:00 EDT
Argus analyst John Staszak downgraded Hasbro to Hold while also lowering his FY19 and FY20 EPS outlook by 10c to $4.40 and $5.00 respectively. The analyst believes that it will be "difficult" for the company to recover revenue lost from the Toys "R" Us bankruptcy, also pointing to rising costs related to new product launches. At 22.9-times his expected FY19 earnings, Staszak sees Hasbro stock as "fully valued" and above the 18-times multiple for "other leisure products companies."
News For HAS From the Last 2 Days
HAS
HAS
Apr 24, 2024 | 16:14 EDT
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