KeyBanc analyst Brett Andress lowered his price target for Hasbro to $110 from $135 and maintained an Overweight rating following the company's quarterly results, telling investors in a research note that the the tariff impact was more swift and pronounced than expected, resulting in both costly shifts in customer order patterns and some cancellations, as tariff narrative gyrations create disruption across the supply chain. While the optics of the miss are "ugly," Andress says he continues to believe that underlying demand for Hasbro's properties remains intact and views it as a core leisure holding.

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