UPDATE: Goldman Sachs Lowers PT on Hasbro on Risk of Fourth Straight Holiday Season Miss
In a report published Monday, Goldman Sachs analyst Michael Kelter reiterated a Sell rating on Hasbro (NASDAQ: HAS), but lowered the price target from $44.00 to $43.00.
In the report, Goldman Sachs noted, “We lower our 2013-15 EPS estimates to $2.72/$3.01/$3.24 ($2.82/$3.10/$3.35) to reflect continued softness in US sales trends, offset in part by the weaker USD. This suggests an EPS decline in 2013 and sales declines for 3 of 4 years. We lower our P/E and DCF-based 12-month price target by $1 to $43 to reflect our lower estimates. We retain our Sell rating.”
Hasbro closed on Friday at $47.43.
Latest Ratings for HAS
|Aug 2015||Oppenheimer||Initiates Coverage on||Perform|
|Jul 2015||Wells Fargo||Downgrades||Outperform||Market Perform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.