BofA raised the firm’s price target on Hasbro to $90 from $85 and keeps a Buy rating on the shares. After having spoken with several game shop owners/employees and “Magic: The Gathering” enthusiasts, the firm believes that the recent “Bloomburrow” set release has sold very well, and has helped bring new players into the game, the analyst tells investors. In addition, the firm believes Hasbro toy presentation and shelf space has improved heading into holiday following recent store visits.
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- Hasbro price target raised to $79 from $78 at Morgan Stanley
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