Piper Jaffray Analyst Raises Price Target on Hasbro, Inc. (HAS)

Piper Jaffray analyst Stephanie Wissink gives her insights on Hasbro, Inc. (NASDAQ:HAS), upgrading the stock from Neutral to Buy and raising her price target to $88.

Wissink predicts that HAS’s content should perpetuate a favorable tailwind to support global share gains. Wissink remarks, “We think momentum returns to the business, led by girls and games in the 2H, and balances into 2017 across both owned and partner brands.”

Additionally important to note is the fact that Piper Jaffray trimmed its FY2016 Earnings Per Share to $4.00 from $4.03 and its FY2017 EPS to $4.61 from $4.65.

According to TipRanks, Powers has a 67% success rate recommending stocks with an average annual return of 8.2% per recommendation.

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