Hasbro: Jefferies sees 50% upside potential

(CercleFinance.com) - Shares of US toymaker Hasbro rose in early morning trading on Friday following positive broker comments on the stock.


Jefferies today said it was maintaining its "buy" rating on the share and kept its 120-dollar price target unchanged.

However, the broker also said that it now saw 50% upside potential over the next 1-2 years.

"Underlying toy sales stand to grow and generate strong cash flow, backed by a superior brand and content pipeline," Jefferies wrote in a report.

Hasbro shares are currently up 1.6% at 105 dollars in New York.

Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.