2022-01-26 17:11:26 HAS Hasbro
01/26/22 01/2617:11 01/26/2217:11 | Hasbro price target lowered to $119 from $128 at Goldman SachsGoldman Sachs analyst Michael Ng lowered the firm's price target on Hasbro to $119 from $128 but keeps a Buy rating on the shares. The loss of Disney Princess and Frozen franchise license will impact the company's profitability, but Lucasfilm relationship extension is encouraging, the analyst tells investors in a research note. Ng adds that his reduced price target also models lower target multiple of 21-times expected earnings vs. 22-times prior and reflects compression in the market multiple. |
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