The Resurgence Of Hasbro: Analyst Sees Promising Future Following Recent Film Successes And Game Reinvestments
Portfolio Pulse from Shivani Kumaresan
B of A Securities analyst Jason Haas has upgraded Hasbro Inc (NASDAQ:HAS) from Neutral to Buy and raised the price target from $68 to $85. The upgrade is based on the expected earnings beat in the second quarter, driven by strong demand for The Lord of the Rings Magic set and the success of recent films. The sale of Hasbro's eOne film and TV studio is also seen as a potential positive catalyst for the earnings release.
July 31, 2023 | 5:15 pm
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Hasbro's stock has been upgraded by B of A Securities analyst Jason Haas, who expects a Q2 earnings beat and sees potential positive impact from the sale of Hasbro's eOne film and TV studio. The price target has been raised from $68 to $85.
The upgrade of Hasbro's stock by B of A Securities analyst Jason Haas is based on the expected Q2 earnings beat, driven by strong demand for The Lord of the Rings Magic set and the success of recent films. The sale of Hasbro's eOne film and TV studio is also seen as a potential positive catalyst for the earnings release. This news is highly relevant and important for Hasbro's investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100