Hasbro (HAS) Stock Higher, Upgraded at Piper Jaffray

Hasbro (HAS) stock is advancing in pre-market trading Tuesday as Piper Jaffray raised its rating on shares to ‘overweight’ from ‘neutral.’
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Hasbro (HAS) - Get Report are increasing 0.71% to $80.39 in pre-market trading Tuesday as Piper Jaffray boosted its rating on the stock to "overweight" from "neutral," the Fly reports.

The firm has an $88 price target on shares of the Pawtucket, RI-based toy company.

Piper Jaffray said the recent pullback in shares provides an opportunity to buy for the holiday season in 2016 and for full year drivers in 2017, according to the Fly.

Momentum should return to the Hasbro business, driven by girls and games in the second half of the year, the firm added.

Yesterday, Hasbro stock tumbled despite reporting better-than-expected earnings and revenue for the 2016 second quarter.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: HAS

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