Hasbro price target lowered to $71 from $80 at DA Davidson

DA Davidson lowered the firm’s price target on Hasbro to $71 from $80 but keeps a Buy rating on the shares. Based on macro retail weakness and touching base with the management last month, the firm is cutting its sales projections for Consumer Products in Q3 to down 10% from down 5% and in Q4 to up 5% from up 11%, though the company also looks to be on track to hit their guidance in Entertainment and Wizards & Digital Gaming, the analyst tells investors in a research note.