Fly News Breaks for March 3, 2020
Mar 3, 2020 | 07:09 EDT
BMO Capital analyst Gerrick Johnson lowered the firm's price target on Hasbro to $84 from $95 and keeps a Market Perform rating on the shares. The analyst notes that while the company's 2020 Toy Fair presentation focused on entertainment and digital gaming, its financial outlook was not as strong as expected as the economics behind the eOne business remain "nebulous". Johnson adds that his previously assumed FY21 EPS outlook of $4.20 is being cut to $4.10 after the company provided more detail regarding its accretion assumptions with the closing of eOne deal.
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