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Jefferies defends Hasbro

Published 10/23/2017, 03:19 PM
© Reuters.  Jefferies defends Hasbro
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  • Jefferies is out with a defense on Hasbro (NASDAQ:HAS) with shares down 8.6% on concerns over the toy company's cut in Q4 guidance.
  • Analyst Stephanie Wissink thinks Hasbro is taking risk off the table for 2018 by cutting back on its Toys "R" Us shipments this quarter. Her long-term outlook on Hasbro is still favorable for investors who can be patient through the holiday season hiccups.
  • Today's drop puts shares of Hasbro down to their lowest level since February.
  • Previously: Mattel (NASDAQ:MAT) falls after soft Hasbro guidance (Oct. 23)
  • Now read: Daily Insider Ratings Round Up 8/31/17: Platform Specialty, Trinity, Fiesta, NuStar, Granite Point


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