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Fly News Breaks for November 25, 2019
HAS
Nov 25, 2019 | 06:48 EDT
UBS analyst Arpine Kocharyan upgraded Hasbro to Buy from Neutral with a $117 price target. The analyst notes that expectations for the company have seen a "meaningful reset" after a weak Q3 results, but he sees upside in the stock thanks to the better than expected revenue and the cost synergies from Entertainment One acquisition, along with the momentum of its gaming portfolio. Kocharyan adds that while the current Hasbro valuation is pricing in a "lackluster" holiday season, his point-of-sales checks indicate a Q4 pickup.
News For HAS From the Last 2 Days
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Apr 24, 2024 | 16:14 EDT
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