Jefferies Initiates Hasbro At Buy, $61 PT

Jefferies is initiating coverage of Hasbro, Inc. (NASDAQ: HAS) with a Buy rating and 12-month price objective of $61.

“With the success and continued development of a brand blueprint that extends its intellectual property beyond traditional toys and games and increasingly into other high margin revenue streams, we believe Hasbro has set the stage for accelerating revenue and EPS growth over the next several years,” Jefferies writes.

Hasbro closed Thursday at $44.65.