Hasbro price target raised to $103 from $94 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Hasbro (HAS) to $103 from $94 and keeps an Overweight rating on the shares. Heading into Q4 earnings, the firm views the risk/reward as “more favorably skewed” for Hasbro relative to Mattel (MAT), the analyst tells investors in a preview for the pair of toymakers. While expectations for Hasbro are higher and the range of potential near-term outcomes appears narrower, the firm has greater confidence in positive revisions on the print and does not view the valuation as “overly demanding,” the analyst added.