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Fly News Breaks for July 17, 2019
HAS
Jul 17, 2019 | 07:21 EDT
MKM Partners analyst Eric Handler raised his price target on Hasbro to $123 and kept his Buy ahead of its earnings next week, also raising his Q2 EPS view by 4c to 46c and citing a more "healthy" U.S. retail sales environment along with the company's solid product lineup. The analyst believes that Hasbro has benefited from its Marvel and Transformers along with Baby Alive products while also generating a rising contribution from Magic The Gathering. Handler adds that Marvel is well positioned longer term to sustain its revenue recovery with new product lines and segments that include Power Rangers, videogames, and the optionality with its movie strategy.