D.A. Davidson analyst Linda Bolton Weiser maintains $Hasbro (HAS.US)$ with a hold rating, and sets the target price at $73.
According to TipRanks data, the analyst has a success rate of 43.4% and a total average return of -0.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hasbro (HAS.US)$'s main analysts recently are as follows:
The company has revised its sales forecast for Consumer Products downward due to a reduction in closeout sales and impacts from Star Wars. Nevertheless, there is a continued positive outlook for the toy industry, attributed to well-managed inventories, increased retailer engagement, and opportunities for self-improvement.
The approximate 6% decline in Hasbro's shares following the earnings announcement is considered excessive, with the primary investment drivers remaining firmly in place. The strong profit increase for the quarter illustrates sustained progress in the company's transformation initiatives and bolsters the belief in the business's earnings potential.
Note:
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