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Hasbro assumed with Neutral from Buy at Goldman Sachs
The Fly

Hasbro assumed with Neutral from Buy at Goldman Sachs

Goldman Sachs analyst Stephen Laszczyk downgraded Hasbro to Neutral from Buy with a $64 price target after assuming coverage of the name. The analyst sees opportunity for Hasbro to ramp capital returns to shareholders through both growing its dividend and share repurchases, but says the timeline will determined by the pace of the company’s deleveraging. Given Hasbro’s "over-leveraged" balance sheet, dividend growth or share repurchases are not likely until 2024 at the earliest, the analyst tells investors in a research note.

Published first on TheFly

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