Hasbro (HAS) Highlighted as a Top Idea at Piper Jaffray

Stephanie Wissink from Piper Jaffray published an analyst day preview citing Hasbro (NYSE: HAS) as "the stock to own in the toy space with a pipeline of sales and profit drivers that outshines other packaged goods companies". Upside can come from cost leverage if the company beats sales projections on Star Wars and Disney Princess toys since the company has been spending in advance to ensure execution on the opportunity.

Because of the unusual sales and profit drivers, the analyst believes HAS shares warrant a 10% premium to its historic multiple of 16x earnings and is now spotlighted as a top idea.

No change to the Overweight rating and $85 PT, based on 17.5x FY17E EPS.

For an analyst ratings summary and ratings history on Hasbro click here. For more ratings news on Hasbro click here.

Shares of Hasbro closed at $78.24 yesterday.

You May Also Be Interested In

• Prysmian SpA (PRY:IM) (PRYMY) PT Raised to EUR53 at HSBC
• CIMC Enric Holdings Ltd. (3899:HK) (CIMEF) PT Lowered to HK$8.70 at HSBC
• Hasbro (HAS) PT Raised to $69 at Morgan Stanley