Hasbro (HAS) PT Raised to $109 at Barclays; Remains Sidelined

Barclays raised its price target on Hasbro (NASDAQ: HAS) to $109.00 (from $95.00) while maintaining a Equalweight rating. Revenue growth of 2.2% beat consensus and management forecasts for a decline; after culling through noise in Other Income, we estimate 'run-rate' EPS also surpassed expectations.

Analyst Felicia Hendrix expects that the company's strong global POS momentum will continue to deliver in 2017, especially as Hasbro begins to benefit from its robust entertainment slate throughout the year.

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