Bank cites balanced risk-reward for HAS despite market share losses and industry growth challenges.
Wells Fargo initiated coverage of Hasbro (NASDAQ:HAS) with a $98 price target and an Equal Weight rating. The bank noted the toy company faces difficulties in gaining market share and industry growth.
Hasbro shares have risen 33% over the past year and 6% year-to-date. Wells Fargo described the firm’s risk-reward ratio as balanced, though it highlighted ongoing challenges in the sector.
Jim Cramer previously commented on Hasbro’s reliance on Chinese plastic and its gaming business performance, but the stock is not frequently discussed in his segments.