2024-04-27 11:16:41 ET
Summary
- Hasbro Inc. is recommended as a buy due to the potential end of the toy industry downcycle and positive demand trends.
- The company reported strong 1Q24 results, beating estimates, with growth in the Wizards of the Coast segment.
- Hasbro's FY24 revenue guidance is achievable with upside potential, supported by positive point-of-sale trends and strong performance in key segments.
Investment summary
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Hasbro: High End Of FY24 Guidance Looks Achievable With Upside Risk