Hasbro price target lowered to $68 from $82 at Roth MKM

Roth MKM analyst Eric Handler lowered the firm’s price target on Hasbro (HAS) to $68 from $82 and keeps a Buy rating on the shares. The firm remains positive on the company’s turnaround potential as WOTC – Wizards of the Coast – sees renewed momentum, while new toy lines launch, and cost cuts become more visible, but in the near term, holiday toy sales underperformed at retail, which could limit Q1 reorders, the analyst tells investors in a research note. A strengthening US dollar and rising shipping costs are also potential headwinds, the firm added.