Megan Alexander, an analyst from Morgan Stanley, maintained the Buy rating on Hasbro (HAS – Research Report). The associated price target remains the same with $84.00.
Megan Alexander’s rating is based on several compelling factors that indicate potential growth for Hasbro. The company’s management has outlined an exciting slate of innovations expected to drive a resurgence in the consumer products segment. Notably, new products are anticipated to hit the market during the back-to-school period, with positive feedback from retailers suggesting favorable merchandising opportunities. This strategic timing and retailer enthusiasm are seen as pivotal for Hasbro’s growth prospects.
Additionally, while there is uncertainty surrounding tariffs, Hasbro is actively working to mitigate potential impacts by collaborating with suppliers and retailers. The company believes that any short-term sales boost from tariff-related inventory adjustments could provide temporary benefits. Overall, these strategic initiatives and market responses underpin Megan Alexander’s confidence in Hasbro’s ability to achieve growth, justifying the Buy rating.
According to TipRanks, Alexander is a 3-star analyst with an average return of 5.2% and a 54.84% success rate. Alexander covers the Consumer Cyclical sector, focusing on stocks such as Vail Resorts, Hasbro, and Brunswick.
In another report released on February 21, Roth MKM also maintained a Buy rating on the stock with a $82.00 price target.