Toymaker Hasbro, Inc. ( HAS ) on Tuesday saw its price target lowered by analysts at BMO Capital Markets.
The firm said it now expects HAS shares to reach $38, suggesting a smaller 6% upside to the stock's Monday closing price of $35.79.
The firm maintained its "Market Perform" rating on HAS, but noted the company's movie-based toys have not sold as well as had been expected this year.
Hasbro shares, which have fallen 24% year-to-date, were unchanged in premarket trading Tuesday.
The Bottom Line
Shares of Hasbro ( HAS ) have a 3.35% dividend yield, based on last night's closing stock price of $35.79. The stock has technical support in the $31-$32 price area. If the shares can firm up, we see overhead resistance around the $38-$39 price levels.
Hasbro, Inc. ( HAS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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