Goldman Sachs Downgrades Hasbro (HAS) to Neutral
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Price: $76.81 -1.5%
Rating Summary:
17 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 21 | New: 48
Rating Summary:
17 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 21 | New: 48
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Goldman Sachs downgraded Hasbro (NASDAQ: HAS) from Buy to Neutral with a price target of $39 following a Q3 miss.
The firm said their By rating was based on a view that the company would generating solid double-digit EPS growth from Transformers 3. However, now they expect only single-digit EPS growth.
The firm lowered 2011/2012/2013 EPS estimates to $2.74/$2.94/$3.24 from $2.94/$3.44/$4.01.
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.
The firm said their By rating was based on a view that the company would generating solid double-digit EPS growth from Transformers 3. However, now they expect only single-digit EPS growth.
The firm lowered 2011/2012/2013 EPS estimates to $2.74/$2.94/$3.24 from $2.94/$3.44/$4.01.
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.
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