Morgan Stanley raised the firm’s price target on Hasbro (HAS) to $77 from $71 and keeps an Overweight rating on the shares after having hosted Hasbro’s CEO Chris Cocks for a meeting. Following the meeting, the firm is taking the opportunity to raise its estimates to account for a less onerous China tariff scenario, noting that its respective FY25 and FY26 EPS estimates are now $4.45 and $5.24, versus $4.17 and $4.89 previously.
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