Hasbro Inc

HAS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$38.00	Wqfvgy	Ymvmykxrr

Hasbro Portfolio Adjustments in Motion, Paving Road to Structurally Higher Profitability

Jaime M Katz

Oct 18, 2022

Despite weak third-quarter results, we plan to raise our $104 fair value estimate for narrow-moat Hasbro by a high-single-digit rate after updating our model for a promising updated long-term outlook offered at the firm’s Oct. 4 investor day. We think the market continues to focus on near-term consumer uncertainty and is discounting Hasbro’s ability to shift the mix of its portfolio over the next few years to capture structurally higher margins.

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