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Upgrade Alert for Hasbro (HAS)

By David Diaz

Hasbro (NYSE:HAS) was upgraded from Neutral to Overweight at Piper Jaffray today. The stock closed yesterday at $81.08 on volume of 3.3 million shares, above average daily volume of 1.2 million.

Hasbro, Inc. designs, manufactures, and markets toys, games, interactive software, puzzles, and infant products in the United States and internationally. The Company's products include a variety of games, including traditional board, card, hand-held electronic, trading card, role-playing and DVD games, as well as electronic learning aids and puzzles as well as dolls and action figures.

Potential upside of 1.1% exists for Hasbro, based on a current level of $81.08 and analysts' average consensus price target of $82.00. The stock should find initial support at its 50-day moving average (MA) of $80.72 and further support at its 200-day MA of $75.79.

In the past 52 weeks, shares of Hasbro have traded between a low of $60.38 and a high of $88.53 and closed yesterday at $81.08, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Hasbro on February 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.42. Since that recommendation, shares of Hasbro have risen 7.3%. We continue to monitor HAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Hasbro

Ticker(s): HAS