Jefferies Maintains an 'Buy' on Hasbro (HAS); Resetting the Bar: Reducing PT and Estimates on 3Q Weakness
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Price: $44.88 +0.29%
Rating Summary:
3 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
3 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade HAS Now!
Jefferies maintains an 'Buy' on Hasbro (NASDAQ: HAS) price target cut from $56 to $44.
Jefferies analyst says, "We are reducing our estimates and price target following a disappointing 3Q in which sales growth and operating margins were below our forecasts. We are also taking a more conservative posture on the important upcoming holiday season, with softness in the U.S. still evident in HAS's results."
"We are reducing our ongoing 2011E EPS estimate from $3.04 to $2.89 following
Hasbro's top- and bottom-line miss versus our forecast in the 3Q...Our 2012E is also reduced from $3.75 to $3.30."
For more ratings news on Hasbro click here and for the rating history of Hasbro click here.
Shares of Hasbro closed at $34.99 yesterday, with a 52 week range of $31.36-$50.17.
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Jefferies analyst says, "We are reducing our estimates and price target following a disappointing 3Q in which sales growth and operating margins were below our forecasts. We are also taking a more conservative posture on the important upcoming holiday season, with softness in the U.S. still evident in HAS's results."
"We are reducing our ongoing 2011E EPS estimate from $3.04 to $2.89 following
Hasbro's top- and bottom-line miss versus our forecast in the 3Q...Our 2012E is also reduced from $3.75 to $3.30."
For more ratings news on Hasbro click here and for the rating history of Hasbro click here.
Shares of Hasbro closed at $34.99 yesterday, with a 52 week range of $31.36-$50.17.
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