Goldman Sachs analyst Stephen Laszczyk raised the firm’s price target on Hasbro (HAS) to $114 from $88 and keeps a Buy rating on the shares after its Q4 earnings beat. The beat to revenue was driven by meaningfully better-than-expected Wizards of the Coast Revenues, which in turn was driven by the release of new Magic: The Gathering card sets in the quarter as well as continued strength in backlist, the analyst tells investors in a research note.
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