Active Stock Alerts: Hasbro, Westport Innovations May 25th
Hasbro Inc. (NYSE:HAS): Needham estimates that the decision to move the release date for GI Joe: Retaliation to March 2013 shifts about $50M-$100M in revenue and 8c-16c in EPS into next year for Hasbro, but the firm thinks the film may perform better at the box office and as a promotional vehicle in the new slot. Needham maintains a Buy rating and $39 target on Hasbro shares.
Westport Innovations Inc. (NASDAQ:WPRT): After attending Westport’s Investor Day, JMP Securities believes that each of the company’s three major business units has strong growth opportunities in 2012 and beyond, driven by new product launches. The firm continues to believe that the recent decline in the stock creates an excellent buying opportunity.
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