Hasbro price target raised to $92 from $80 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Hasbro (HAS) to $92 from $80 and keeps an Overweight rating on the shares. The firm views the roughly 6% selloff after earnings as “overdone” with the key investment drivers of its investment thesis “solidly intact.. The “robust profitability upside in the quarter” demonstrates continued momentum in the company’s transformation efforts and reinforces the firm’s confidence in the potential earnings power of the business, the analyst tells investors in a note titled “Buy the Dip.”