Hasbro price target raised to $122 from $119 at Morgan Stanley

Morgan Stanley analyst Megan Alexander Clapp raised the firm’s price target on Hasbro (HAS) to $122 from $119 and keeps an Overweight rating on the shares. Following the positive Q1 pre-announcement, the firm is flowing through the Q1 upside to its fiscal year estimates and sees “a credible path to a guidance raise later in the year,” the analyst tells investors.