Morgan Stanley Maintains Overweight on Hasbro, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Megan Alexander has maintained an Overweight rating on Hasbro (NASDAQ:HAS) but lowered the price target from $84 to $78.

October 27, 2023 | 1:13 pm
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NEGATIVE IMPACT
Hasbro's price target has been lowered by Morgan Stanley from $84 to $78, although the Overweight rating is maintained.
The lowering of the price target by a major financial institution like Morgan Stanley could negatively impact investor sentiment towards Hasbro, potentially leading to a short-term decrease in the stock price. However, the maintained Overweight rating indicates that the analyst still sees potential for the stock to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100