Market Overview

UPDATE: Piper Jaffray Initiates Coverage on Hasbro With Overweight Rating, $55 PT on Attractive Long-Term Holding

Related HAS
Hasbro Announces New Strategic Merchandising Relationship With Disney Consumer Products For Disney Princess And Frozen Properties Beginning In 2016
Barron's Recap: Time For A PepsiCo Split?
Salesforce.com Appoints Gen. Colin Powell to Board (Fox Business)

In a report published Tuesday, Piper Jaffray analyst Stephanie S. Wissink initiated coverage on Hasbro (NASDAQ: HAS) with an Overweight rating and $55.00 price target.

In the report, Piper Jaffray noted, “We are initiating coverage of HAS with an Overweight rating and a $55 price target. based on 17x FY14E EPS. We see Hasbro as an attractive long-term holding (12 months or longer) particularly for growth and yield-focused investors. Through cost realignment and strategic partnerships, the evolution of the business model provides a compelling case for accelerating profitability in the double digit range on relatively stable revenues.”

Hasbro closed on Monday at $47.70.

Latest Ratings for HAS

DateFirmActionFromTo
Jul 2014CitigroupMaintainsBuy
Jul 2014BarclaysUpgradesEqual-weightOverweight
Apr 2014CitigroupMaintainsBuy

View More Analyst Ratings for HAS
View the Latest Analyst Ratings

Posted-In: Piper Jaffray Stephanie S. WissinkAnalyst Color Initiation Analyst Ratings

 

Related Articles (HAS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional