Hasbro named ‘Top Pick’ in Leisure at Morgan Stanley

Morgan Stanley reiterates an Overweight rating on Hasbro with a $77 price target and is making the stock the firm’s “Top Pick” in Leisure, arguing that the recent share underperformance present “an attractive buying opportunity.” The firm came away from Q1 results last month “incrementally convicted that the earnings revision curve has bottomed” and it expects a strong upward inflection with toy demand bottoming and Hasbro share stabilizing, the analyst tells investors.