Toymaker Stock Ready to Bounce After Upgrade
HASHasbro(HAS) Schaeffers Investment Research·2024-06-14 21:08

Hasbro, Inc. (NASDAQ:HAS) stock is up 1.2% before the bell, after Bank of America upgraded to "buy" from "neutral" and hiked its price target to 80from80 from 70. In its bull note, the analysts said the toymaker's earnings could see a rebound in 2024 and 2025 due to its digital gaming strategy. Thanks to a post-earnings bull gap of 11.4% on April 24, Hasbro stock touched a nearly seven-month high of $66.38 and sports a 6.3% year-over-year lead. The shares have since suffered a 12.5% correction, though there's c ...