UPDATE: Sterne Agee Lowers PT on Hasbro to $52

A report from Sterne Agee reiterates its Buy rating, lowers its FY12/13 EPS estimate from $3.70/$4.09 to $3.22/$3.74, and lowers its price target from $56 to $52 on Hasbro

. The report states, “Hasbro has a number of key initiatives that are expected to lead to SD&A rising $100 million this year but should return to low single-digit growth in 2012… While the Hub's ratings thus far are below its expectations with modest losses likely this year and next, Hasbro has been very successful with regard to marketing Hasbro Studios content abroad." HAS closed yesterday at $36.45.