Hasbro shares are trading higher after B of A Securities raised its price target on the stock from $85 to $90. Additionally, Macy's said it anticipates a strong holiday for toys.
Portfolio Pulse from Benzinga Newsdesk
Hasbro's stock price is expected to rise as B of A Securities has increased its price target from $85 to $90. Macy's also anticipates a strong holiday season for toys, which could benefit Hasbro.
August 22, 2023 | 3:58 pm
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Hasbro's stock price is likely to increase due to the raised price target by B of A Securities and the expected strong holiday toy sales by Macy's.
The raised price target by B of A Securities indicates a positive outlook for Hasbro's stock. Additionally, the strong holiday toy sales anticipated by Macy's could lead to increased revenues for Hasbro, further boosting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100