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BofA raises price target on Hasbro; stock price rises 2%

Thu 24 Aug 23, 01:32 PM | Akanksha Vashisht

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Summary

On August 22, 2023, toymaker Hasbro (NASDAQ: HAS) received a price target increase from Bank of America. Following the revision in Hasbro’s price target, HAS shares rose 2% to US$64.5 in premarket session on Tuesday.

The company’s new target price of US$ 90 represents an upside potential of 42.29% over HAS’ closing price of US$63.25 on Tuesday, August 22, 2023. As per Refinitiv data, the stock has a consensus mean price target of US$79.13, which is 16.87% higher than HAS’ closing price on Tuesday.

The mean recommendation rating on HAS is 1.6 on a scale of one to five. Here, one represents a ‘strong buy’ rating and five represents a ‘strong sell’ rating.

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