Barclays Maintains an 'Equalweight' on Hasbro (HAS); Investor Day: Focused on Growth
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Price: $93.54 -0.02%
Rating Summary:
17 Buy, 9 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
17 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on Hasbro (NASDAQ: HAS) price target of $48.00.
Barclays analyst says, "Hasbro hosted an upbeat investor day yesterday, which focused on the company's continued execution of its branded play strategy, international growth opportunities, and the Games and Puzzles restructuring. While we believe management laid out a compelling case for longer-term growth, we expect investors to remain focused on 4Q11 to determine whether Hasbro has reached an inflection point and put the headwinds of 2011 behind it."
"4Q11 Encouraging Thus Far. Hasbro's US retail point-of-sales is up double-digits so far in 4Q11. As a reminder, US POS was up 8% during 3Q11, while inventories were down 9.4% following a 7% decline in North American shipments."
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 $36.45 yesterday.
Barclays analyst says, "Hasbro hosted an upbeat investor day yesterday, which focused on the company's continued execution of its branded play strategy, international growth opportunities, and the Games and Puzzles restructuring. While we believe management laid out a compelling case for longer-term growth, we expect investors to remain focused on 4Q11 to determine whether Hasbro has reached an inflection point and put the headwinds of 2011 behind it."
"4Q11 Encouraging Thus Far. Hasbro's US retail point-of-sales is up double-digits so far in 4Q11. As a reminder, US POS was up 8% during 3Q11, while inventories were down 9.4% following a 7% decline in North American shipments."
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 $36.45 yesterday.
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