Hasbro (HAS) PT Lowered to $100 at Stifel on 3Q Report; 'Record Results But TRU Bankruptcy Weighs On Estimates'

Stifel lowered its price target on Hasbro (NASDAQ: HAS) to $100.00 (from $104.00) while maintaining a Hold rating, following the company's third quarter earnings report.

Analyst Drew Crum notes a cautious outlook on the shares following management's weaker sales guidance surrounding the Toys R Us bankruptcy, despite the company reported third quarter earnings per share and revenues above consensus projections.

You May Also Be Interested In

• Dollarama Inc. (DOL:CN) (DLMAF) PT Raised to Cdn$231 at Bernstein SocGen
• Oxford Industries (OXM) PT Lowered to $40 at UBS Amid Top-line Weakness
• Marvell (MRVL) PT Raised to $345 at B.Riley, bullish on new CEO