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HAS

Hasbro

$87.33

1.24 (1.44%)

, FNKO

Funko

$8.24

-0.12 (-1.44%)

09:42
04/12/18
04/12
09:42
04/12/18
09:42

Hasbro price target lowered to $90 from $102 at SunTrust

SunTrust analyst Michael Swartz lowered his price target on Hasbro (HAS) to $90 citing the impact from the liquidation of Toys R' Us. Swartz says there are several uncertainties in the unwinding process around its duration and spillover impact on the toy makers, though he generally expects the fallout to be felt by Hasbro for the duration of 2018. Among the peers, the analyst is positive on Funko (FNKO), adding that its guidance range has likely already reflected most of the Toys R' Us business going away.

HAS

Hasbro

$87.33

1.24 (1.44%)

FNKO

Funko

$8.24

-0.12 (-1.44%)

  • 23

    Apr

HAS Hasbro
$87.33

1.24 (1.44%)

03/08/18
BMOC
03/08/18
NO CHANGE
Target $96
BMOC
Market Perform
Hasbro price target lowered to $96 from $100 at BMO Capital
BMO Capital analyst Gerrick Johnson lowered his price target on Hasbro to $96 and kept his Market Perform rating in the wake of last month's annual New York Toy Fair. Johnson writes that while the company has executed well in its "solid strategy", his meetings with the management of the company as well as those of its peers suggest that the U.S. toy market is expected to be flat with some added uncertainty related to the bankruptcy of Toys R Us, evolving retail landscape, and the underperformance of movie toys. The analyst adds that while Hasbro is gaining share with its "new approach to product development", its valuation is at a premium of 17-times forward multiple vs. 15-times historical average.
03/09/18
LEHM
03/09/18
DOWNGRADE
Target $13
LEHM
Underweight
Barclays downgrades Mattel to Underweight on possible Toys R Us liquidation
Barclays analyst Felicia Hendrix downgraded Mattel (MAT) to Underweight from Equal Weight and cut her price target for the shares to $13 from $16. The analyst maintains an Overweight rating on Hasbro (HAS) while trimming her target for the stock to $100 from $110. Mattel faces downside risk from the potential Toys R Us liquidation, Hendrix tells investors in a research note. The company generates 8% of its sales from Toys R Us and its shares are up 4% since reporting earnings on February 1, the analyst notes. She believes sell-side estimates for both Mattel and Hasbro likely only include the closure of 182 Toys R Us U.S. stores. The analyst finds Hasbro's risk/reward more favorable at current share levels.
03/22/18
KEYB
03/22/18
NO CHANGE
Target $110
KEYB
Overweight
Hasbro shares present 'compelling' long-term buying opportunity, says KeyBanc
KeyBanc analyst Brett Andress believes Hasbro shares at current levels present a "compelling" long-term buying opportunity as Toys R Us headline risk fades and investors begin to look into a catalyst-rich FY19. The analyst reiterates an Overweight rating and $110 price target on the stock.
04/06/18
MKMP
04/06/18
NO CHANGE
Target $96
MKMP
Neutral
Hasbro price target lowered to $96 from $110 at MKM Partners
MKM Partners analyst Eric Handler lowered his price target on Hasbro (HAS) to $96, saying the company's earnings will see a bigger impact from the liquidation of Toys R Us than the previous forecast. The analyst also notes headwinds for the company coming from tight inventory management at mass retailers Wal-Mart (WMT) and Amazon (AMZN). Handler adds that he has broader industry concerns, but sees some mitigating product launches for Hasbro, including a new Nerf brand launch, expanded Baby Alive product lines, continued strength from Marvel, and the possible digital launch of Magic: The Gathering Arena. The analyst keeps his Neutral rating on Hasbro.
FNKO Funko
$8.24

-0.12 (-1.44%)

11/27/17
11/27/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. iRadimed (IRMD) initiated with an Outperform at Credit Suisse. 2. Funko (FNKO) was initiated with a Buy at Goldman Sachs, SunTrust, BofA/Merrill, Jefferies, and Stifel, while being initiated with an Overweight at JPMorgan and an Outperform at BMO Capital. 3. Evoqua Water (AQUA) was initiated with an Outperform at RBC Capital and Raymond James, a Buy at Citi, a Hold at Stifel, as well as a Neutral at Goldman Sachs and Baird. 4. Spero Therapeutics (SPRO) was initiated with an Outperform at Oppenheimer and Cowen, a Buy at Stifel, and a Neutral at BofA/Merrill. 5. Altair (ALTR) was initiated with an Outperform at William Blair, a Buy at Deutsche Bank, a Sector Perform at RBC Capital, a Hold at Canaccord, and a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/19/17
BMOC
12/19/17
DOWNGRADE
BMOC
Market Perform
Funko downgraded to Market Perform from Outperform at BMO Capital
12/19/17
BMOC
12/19/17
DOWNGRADE
Target $7.5
BMOC
Market Perform
Funko downgraded to Market Perform at BMO Capital on rising inventory
As noted earlier, BMO Capital Gerrick L. Johnson downgraded Funko to Market Perform from Outperform and lowered his price target to $7.50 from $10. Johnson says his recent channel checks have suggested a build-up in the company's inventory levels at retail locations - particularly the flagship Pop! line - and also a rise in discounting. The analyst believes performance has deteriorated relative to expectations since the company reported Q3 results.
01/17/18
PIPR
01/17/18
NO CHANGE
Target $12
PIPR
Overweight
Funko partnership with Netflix underappreciated, says Piper Jaffray
Piper Jaffray analyst Erinn Murphy remains positive on Funko (FNKO) citing her optimism around the film slate, the "ongoing durability of pop culture" and the stock's "compelling valuation." She also believes the company's partnership with Netflix (NFLX) is being underappreciated by investors. Given the amount of in-demand content being created by Netflix today, Funko is "extremely well positioned from their leading partnership," Murphy tells investors in a research note. The analyst keeps an Overweight rating on Funko with a $12 price target.

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