Hasbro price target raised to $82 from $68 at Roth MKM

Roth MKM raised the firm’s price target on Hasbro (HAS) to $82 from $68 and keeps a Buy rating on the shares after its Q4 earnings beat. Hasbro is entering a new phase of its turnaround with the unveiling of its “Play to Win” strategic plan, and this initiative will further grow and expand the company’s key brands across new categories and through new partnerships while maintaining cost discipline and its focus on improving profitability, the analyst tells investors in a research note.