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Fly News Breaks for February 24, 2020
HAS
Feb 24, 2020 | 07:19 EDT
Goldman Sachs analyst Michael Ng lowered the firm's price target on Hasbro to $103 from $121 and keeps a Buy rating on the shares after the company provided 2020 guidance of $6.2B in revenue along with an operating margin growth outlook that he said implies EPS of $3.53-$4.16. Given that consensus is at $5.06, the shortfall is likely due to lower revenue from eOne, Ng tells investors.
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