HASBRO share prices fall at analyst report of full value

HASBRO share prices fall at analyst report of full value

Monday, July 28th, 2008 8:08pm CDT

Categories: Company News, Digital Media News
Posted by: First Gen   Views: 10,986

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HASBRO, Inc. (HAS NYSE) shares have taken a slightly downward turn as stock analysts have downgraded the toy manufacturers net trading worth, stating that the stock has reached its full value. This change from 'buy' to 'hold' on the trading floor has caused the price of the shares to decrease by $2.26, or 5.6 percent, to $38.15. For the last year, HASBRO shares have traded between $21.57 and $41.35.

HASBRO saw an amazing 58 percent increase in share prices over the last year, but stock analyst Sean McGowan says that the trend is likely over.

"While positive sales and earnings surprises are possible, we believe they have become less likely as expectations have risen and performance has been above-trend for so long. Upside to the stock price is also possible, but we believe the strong expectations for 2009 are fairly reflected in the current price."


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Credit(s): Yahoo! Business


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