Stifel lowered the firm’s price target on Hasbro (HAS) to $77 from $82 and keeps a Buy rating on the shares. The firm forecasts modest sales growth for toys in calendar 2025, including a 2% increase for the U.S. market, but notes that its model does not factor in any impact from new tariffs, which it views as an overhang for relevant participants, including Buy-rated Hasbro and Mattel (MAT) as well as Hold-rated Funko (FNKO).
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HAS:
- Early notable gainers among liquid option names on November 29th
- Shareholder Alert for Hasbro, Inc. (NASDAQ:HAS)
- Shareholders of Hasbro, Inc. Should Contact Levi & Korsinsky LLP Before January 13, 2025 to Discuss Your Rights – HAS
- DA Davidson analysts hold an analyst/industry conference call
- 3 Best Dividend Stocks, According to Analysts, 11/4/2024