Hasbro price target raised to $70 from $60 at BofA

BofA raised the firm’s price target on Hasbro to $70 from $60 and keeps a Neutral rating on the shares after the company reported Q1 adjusted EPS that beat expectations given revenue upside primarily driven by better-than-expected Wizards of the Coast revenue. The firm raised its calendar 2024 EPS estimate to $3.35 from $3.11, mostly to reflect Q1 upside, and sees calendar 2025 EPS of $3.90 given better than expected Wizards growth.