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Hasbro Consensus Estimates Appear Conservative, Does Not Reflect Success Of Digital Gaming Strategy, Says Bullish Analyst

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Hasbro Inc (NASDAQ:HAS) shares were climbing Friday morning, with more analysts turning bullish on the stock.

The current consensus does not fully reflect the success of the company’s digital gaming strategy with Monopoly Go!, according to BofA Securities.

The Hasbro Analyst: Alexander Perry upgraded the rating for Hasbro from Neutral to Buy, while raising the price target from $70 to $80.

The Hasbro Thesis: The company’s Monopoly Go! game is likely to move away from minimum royalty guarantees in the second quarter and generate around $36 …

Full story available on Benzinga.com

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