Analysts: Hasbro Launches Should Spark Sales Growth and 3 More Research Notes to Go Over
Hasbro (NYSE:HAS): Citigroup has upgraded Hasbro two notches, to Buy from Sell, and removed it from its Least Preferred list based on new product launches that should reaccelerate sales growth within core product lines. The price target has also been raised, to $53 from $40.
Bed Bath & Beyond (NASDAQ:BBBY): Credit Suisse views Bed Bath & Beyond’s relaunch of its website as a significant improvement and positions it as a price leader in the space. Shares are Outperform rated, and the price target has been raised to $80 from $75.
Avanir (NASDAQ:AVNR): Piper Jaffray increased its target on Avanir to $13 from $6, as the firm is more confident that the company’s 786 drug will reach the market. After the company reached a deal with Novartis (NYSE:NVS) on a 2026 launch of Nudexta generics, Piper expects Avanir to reach similar deals with the four remaining companies looking to sell generic versions of the drug. The firm keeps an Overweight rating on the stock.
Foot Locker (NYSE:FL): After Foot Locker reported weaker-than-expected second-quarter results, Piper Jaffray thinks the stock’s valuation is attractive and believes the shares can return at least 20 percent over the next 12 months. The firm keeps an Overweight rating on the shares.