Hasbro price target raised to $73 from $64 at Roth Capital

Roth Capital raised the firm’s price target on Hasbro (HAS) to $73 from $64 and keeps a Buy rating on the shares. The company delivered an impressive Q1 outperformance, as tariff mitigation efforts and accelerated planned cost savings allowed the management to maintain its full year guidance, the analyst tells investors in a research note. This outcome was an unexpected surprise and demonstrates the positive steps Hasbro has made with its Play To Win strategy, Roth adds.