Hasbro (HAS) Higher as Stifel Nicolaus Upgrades, Adds to 'Select List'

Hasbro (NYSE: HAS) shares are moving sharply higher this morning following an upgrade from Stifel Nicolaus earlier. The stock most recently traded at $28.84, up 3.3% from Friday's closing price.

The Stifel Nicolaus analyst raised his investment rating on the stock from Hold to Buy, also setting a $40 price target. In addition the firm now has Hasbro on its "Stifel Nicolaus Select List".

The firm believes that Hasbro has a strong product pipeline on the horizon: Transformers 3 and Spider-Man 4 are slated for release in 2011. Stifel also believes the stock will benefit as investors gain greater clarity on the company's joint-venture television network, expected to launch in fall 2010.

Visit our Analyst Ratings page to see all the upgrades/downgrades on shares of Hasbro.

Hasbro, Inc. engages in the design, manufacture, and marketing of games and toys.

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