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Piper Jaffray downgraded Hasbro (NASDAQ:HAS) from Overweight to Neutral in a report released today.

Piper Jaffray has downgraded Hasbro (NASDAQ:HAS) from Overweight to Neutral in a report released on 11/28/2016.

Previously on 2/09/2016, Barclays Capital reported on Hasbro (NASDAQ:HAS) increased the target price from $62.00 to $73.00. At the time, this indicated a possible downside of -0.03%.

Yesterday Hasbro (NASDAQ:HAS) traded -2.62% lower at $87.94. The company’s 50-day moving average is $82.72 and its 200-day moving average is $82.70. The last closing price is up 3.55% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 404,262 shares of the stock traded hands, down from an average trading volume of 1,196,140

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Hasbro has a 52 week low of $64.91 and a 52 week high of $88.53 with a P/E ratio of 20.35 The company’s market cap is currently $0.

In addition to Piper Jaffray reporting its stock price target, a total of 11 brokers have issued a report on the company. The average stock price target is $88.09 with 2 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 12 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Hasbro (NASDAQ:HAS)

Hasbro, Inc. (Hasbro) is a branded-play company. The Company's operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States. The International segment is engaged in the marketing and sale of the Company's product categories to retailers and wholesalers in countries in Europe, Latin and South America, and the Asia Pacific region. The Entertainment and Licensing segment includes the Company's consumer products licensing, digital gaming, television and movie entertainment operations. The Global Operations segment sources production of the Company's toy and game products. The Company offers entertainment offerings, including television programming and motion pictures, and products, ranging from traditional to digital, all informed by storytelling and consumer insights.

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