Hasbro’s attractive big picture clouded by holiday concerns, says Roth MKM

Roth MKM analyst Eric Handler keeps a Buy rating and $80 price target on Hasbro, stating that the company’s restructuring efforts “are progressing”. The company is headed in the right direction with its restructuring efforts and looks to be on track to approach a 20% operating margin in 2024 along with $5.00 of EPS, but in the near-term, the recent commentary from management has the firm “concerned” about the Consumer Products outlook, the analyst tells investors in a research note.