Jefferies cuts Hasbro stock price target, reiterates Buy rating By Investing.com
On Tuesday, Jefferies analysts adjusted the price target for Hasbro (NASDAQ:) shares, reducing it to $67.00 from the previous $83.00, while continuing to recommend a Buy rating for the stock.
They provided insights on the potential for operating margin expansion within Hasbro’s Consumer Products (CP) segment by 2025. He highlighted that while Wizards of the Coast (WotC) is anticipated to drive sales growth for Hasbro in 2025, there are expectations of a contraction due to decreased contributions from Digital Gaming and increased royalty expenses.
The analysts noted that the contraction in WotC’s operating margin is likely to bottom out in the second quarter, coinciding with the company facing lower royalty rates and the absence of a…
