Goldman Sachs reported on Monday that it has maintained a “Sell” rating on Hasbro, Inc. (HAS
The firm has reiterated a “Sell” rating on HAS, and has cut the company’s price target from $44 to $43. This price target suggests an 8% decline from the stock’s current price of $46.69.
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An analyst from the firm noted: "We lower our 2013-15 EPS estimates to $2.72/$3.01/$3.24 ($2.82/$3.10/$3.35) to reflect continued softness in US sales trends, offset in part by the weaker USD. This suggests an EPS decline in 2013 and sales declines for 3 of 4 years. We lower our P/E and DCF-based 12-month price target by $1 to $43 to reflect our lower estimates. We retain our Sell rating."
Hasbro shares were down 90 cents, or 1.90%, during Monday morning trading. The stock is up 29% YTD.
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