Hasbro price target raised to $85 from $80 at BofA

BofA analyst Alexander Perry raised the firm’s price target on Hasbro (HAS) to $85 from $80 and keeps a Buy rating on the shares following a Q1 beat that was driven by strong Wizards segment revenue. The firm raised its price target based on its new calendar 2026 EPS forecast of $4.60, up from $4.50, given more certainty on Hasbro’s ability to mitigate tariffs, the likelihood from continued upward consensus estimate revisions from Wizards of the Coast, and potential easing of China tariffs.