Wednesday, January 19, 2011

Hasbro's (NASDAQ:HAS) Entertainment Strategy Close to Reaping Benefits says Goldman (NYSE:GS)

In the short term Goldman Sachs (NYSE:GS) believes Hasbro (NASDAQ:HAS) will continue to struggle, although they see them closing in on beginning to reap the rewards of their entertainment strategy

That will apparently take some time though, as Goldman lowered their full year 2010, 2011 and 2012 EPS estimates on them from $2.72 to $2.52, 2011 from $3.50 to $3.35 and 2012 from $4.10 to $3.90.

Goldman continues to place Hasbro (HAS) as a "Conviction Buy."

Hasbro closed Tuesday at $44.05, dropping $0.44, or 0.99 percent.

No comments: