Hasbro price target lowered to $92 from $98 at Wells Fargo

Wells Fargo lowered the firm’s price target on Hasbro (HAS) to $92 from $98 and keeps an Equal Weight rating on the shares. The firm says Hasbro Q1 update was every bit as impressive as partly revealed in recent weeks but reiterated guidance, Q2 pressure, and added second half of the year complexity is weighing on the stock. Wells remains sidelined on a choppier setup ahead.