Hasbro price target lowered to $48 from $55 at JPMorgan

JPMorgan lowered the firm’s price target on Hasbro to $48 from $55 and keeps a Neutral rating on the shares. The analyst says the company’s Q3 revenue miss was partly offset by better than expected margins. Hasbro’s biggest, and uncontrollable, challenge is a softening U.S. consumer, which has led to weaker sales and inventory clearance pressures offsetting cost efficiency efforts, says the firm.