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UPDATE: Goldman Sachs Lowers PT on Hasbro on Risk of Fourth Straight Holiday Season Miss

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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

DateFirmActionFromTo
May 2017DA DavidsonInitiates Coverage OnBuy
Apr 2017B. RileyInitiates Coverage OnNeutral
Feb 2017Goldman SachsInitiates Coverage OnBuy

View More Analyst Ratings for HAS
View the Latest Analyst Ratings

Posted-In: Goldman Sachs Michael KelterAnalyst Color Price Target Analyst Ratings

 

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