Goldman Sachs Maintains Conviction Buy On HAS

Goldman Sachs is maintaining its Conviction Buy on Hasbro, Inc. (NASDAQ: HAS) shares “as we believe the company is entering a sweet spot with respect to its entertainment-driven toy/game strategy in 2011/2012.”

“Choppiness in HAS shares may well persist through 1Q2011, in our view,” Goldman Sachs writes. “This said, we see this pull-back as an opportunity for investors looking to build a position in front of 2011/2012 catalysts.

“We expect EPS to surprise to the upside as our 2011 $3.50 EPS estimate is well ahead of the $3.21 consensus. Our estimates and 12-month target price remain unchanged.”

Hasbro, Inc. currently trades at $46.47.