20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Hasbro Inc (NASDAQ:HAS) reported worse-than-expected sales for its third quarter on Thursday.
Hasbro reported a third-quarter FY23 sales decline of 10% year-on-year to $1.503 billion, missing the analyst consensus estimate of $1.644 billion. Adjusted EPS of $1.64 missed the analyst consensus estimate of $1.70.
Hasbro said it sees FY23 revenue to decline 13%-15%, versus previous view of down 3% - 6%, driven by a softer toy outlook in Consumer Products.
Hasbro shares fell 4.4% to trade at $46.23 on Friday.
These analysts made changes to their price targets on Hasbro following earnings announcement.
- DA Davidson cut the price target on Hasbro from $71 to $60. DA Davidson analyst Linda Bolton Weiser maintained a Buy rating.
- B of A Securities slashed the price target on Hasbro from $90 to $53. B of A Securities analyst Jason Haas downgraded the stock from Buy to Neutral.
- Morgan Stanley lowered the price target on Hasbro from $84 to $78. Morgan Stanley analyst Megan Alexander maintained an Overweight rating.
Also Check This Out: Top 4 Industrial Stocks That May Plunge In Q4
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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