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Fly News Breaks for March 4, 2020
HAS
Mar 4, 2020 | 07:56 EDT
Argus analyst John Staszak lowered the firm's price target on Hasbro to $100 from $120 but keeps a Buy rating on the shares. The analyst notes that while the company beat on Q4 earnings, it may be challenged in recovering from the dual impact of U.S.-China trade war and coronavirus disruptions in the near term. Longer term, Staszak sees Hasbro benefiting from its eOne acquisition with digital products and content creation as well as its international exposure as the toy industry grows in the emerging markets.
News For HAS From the Last 2 Days
