Hasbro (HAS) PT Lowered to $112 at DA Davidson
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Hasbro (HAS) Not Immune to Macroeconomic Pressures Says Analyst
October 5, 2022 1:11 PM EDTHasbro (NASDAQ: HAS) shares are down over 2% Wednesday, a day after the company hosted its Investor Day, where it reportedly introduced its "Brand Blueprint 2.0."
In a note to clients following the event, BofA analyst Jason Haas said, "toys aren't immune to macroeconomic pressures."
"Hasbro cut its 2022 ex. FX revenue guidance from up low single digits to... More
Hasbro (HAS) PT Lowered to $95 at Jefferies
October 5, 2022 7:49 AM EDTJefferies analyst Stephanie Wissink lowered the price target on Hasbro (NASDAQ: HAS) to $95.00 (from $100.00) while maintaining a Buy rating.
... MoreHasbro (HAS) PT Lowered to $75 at Truist Securities
October 5, 2022 7:38 AM EDTTruist Securities analyst Michael Swartz lowered the price target on Hasbro (NASDAQ: HAS) to $75.00 (from $88.00) while maintaining a Hold rating.... More
Hasbro (HAS) PT Lowered to $83 at BofA Securities
October 5, 2022 6:43 AM EDTBofA Securities analyst Jason Haas lowered the price target on Hasbro (NASDAQ: HAS) to $83.00 (from $91.00) while maintaining a Buy rating following the company's investor day.
The analyst commented, "Hasbro cut its 2022 ex. FX revenue guidance from up low single digits to flat to... More
Hasbro cautions of a decline in annual revenue amid rising inflation
October 4, 2022 12:47 PM EDT(Reuters) -Hasbro Inc on Tuesday cut its full-year revenue forecast, a sign that price hikes and unabating inflation were prompting consumers to reduce spending on its toys.
While toy companies have been relatively resistant to the impact of decades-high inflation, which rose to 8.3%, analysts have warned rising costs are taking a toll on shoppers and would affect the industry as well.
... MoreHasbro (HAS) sees FY22 revenue flat to slightly down in constant currency
October 4, 2022 12:01 PM EDTHasbro, Inc. (NASDAQ: HAS), a global branded entertainment leader, today hosted its first investor day under the leadership of new Chief Executive Officer Chris Cocks. Senior leaders from across the business unveiled Hasbros new go-forward plan, the result of a nine-month strategic review that focused on creating near-term, meaningful change that is expected to deliver positive financial impact as early as the fourth quarter of this year. Through this review process, the Company sought to identify opportunities to focus and scale the business, enhance operational excellence and drive accelerated growth... More
