Toymaker Hasbro, Inc. ( HAS ) on Tuesday caught some negative commentary from analysts at Goldman Sachs.
The firm said it now expects HAS shares to reach $38, suggesting a smaller 16% upside to the stock's Monday closing price of $32.78. Goldman also lowered its earnings estimates for the company, citing uninspiring results from recent channel checks.
Hasbro shares, which have plunged more than 30% year-to-date, were unchanged in premarket trading Tuesday.
The Bottom Line
Shares of Hasbro ( HAS ) have a 3.66% dividend yield, based on last night's closing stock price of $32.78. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the $34-$37 price levels.
Hasbro, Inc. ( HAS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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