Seaport starts Hasbro with a Buy, says opportunity stronger than appreciated

As previously reported, Seaport Research initiated coverage of Hasbro (HAS) with a Buy rating and $100 price target While acknowledging Hasbro as “the most expensive stock in the toy group,” the firm thinks the opportunity for profitable growth in the toy and toy licensing business is “stronger than the market currently appreciates” and thinks that the “Magic: The Gathering” gaming phenomenon has “staying power well beyond current expectations,” the analyst tells investors.