Morgan Stanley analyst Megan Alexander raised the firm’s price target on Hasbro (HAS) to $94 from $87 and keeps an Overweight rating on the shares. The company now has no internally published “AAA title” in 2026, but two major releases expected in 2027, one of which is “anchored in the globally recognized” Dungeons & Dragons franchise, the analyst tells investors in a research note. Morgan Stanley views the development as near-term positive for the stock. Exodus has been pushed into 2027, and the firm previously assumed a “sizable” earnings headwind in 2026 due to its significant budget.
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