Jefferies Comments on Hasbro After 2Q Results

Jefferies has published a report on Hasbro (NASDAQ: HAS).

In the report, Jefferies wrote, "We modestly reduced our 2011E EPS given the shortfall to our 2Q forecast, although we believe that factors contributing to the miss should prove to be contained to that quarter. Strong top line results appear poised to continue given a sharp reduction in inventories during the quarter, while management reiterated that television initiatives remain broadly on track."

Jefferies rated Hasbro a BUY with a price target of $56.00. Hasbro closed Wednesday at $39.37.