Hasbro price target raised to $87 from $85 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Hasbro (HAS) to $87 from $85 and keeps an Overweight rating on the shares. A Q3 EPS beat that was “solid” despite below-the-line headwinds reinforces that Hasbro’s strategic pivot is taking hold, the analyst tells investors in a post-earnings note.