Wedbush Maintains Outperform on Hasbro (HAS)

Wedbush is out with its report on Hasbro

, maintaining Outperform. In a note to clients, Wedbush writes, "Maintaining OUTPERFORM, and our $55 price target, which reflects a 18x P/E multiple to our 2011 EPS estimate of $3.05. This multiple is at the upper-end of historical ranges due to generally positive execution and growth prospect with Hub." Shares of HAS closed Thursday at $47.29, up 0.06% from Wednesday's close.