Stifel Nicolaus weighs in on Hasbro

|By:, SA News Editor

Stifel Nicolaus maintains a Hold rating on Hasbro (HAS -0.6%) on a lukewarm assessment of the company's Q1 earnings report.

"We view this as a low-quality earnings beat, but considering the company's favorable POS trends/retail inventory position/strong entertainment line-up, we've made modest upward revisions to estimates," reads the firm's note.

Stifel moves its price target to just $100 on its view that valuation is rich at 20.6X 2017 EPS. Hasbro traded as high as $104.14 yesterday.

Previously: Hasbro positive post Q1 results (April 24)

Previously: Hasbro passes Mattel in sales (April 24)