BMO Capital analyst Gerrick Johnson lowered the firm’s price target on Hasbro to $66 from $74 and keeps a Market Perform rating on the shares. The analyst is also cutting his FY22 EPS view by 35c to $4.15, noting that while toy industry retail sales picked up in the last week before Christmas in North America, overall shipments were minimal in the month of December and follow a "very slow" October – November period. While news flow around eOne has improved, Hasbro’s toy business has been losing market share and the stock looks "fully valued", Johnson tells investors in a research note.
Published first on TheFly
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