1217 ET - Hasbro's 2Q results more than delivered the bull case, J.P. Morgan analysts say in a research note. That's partly because the maker of Nerf blasters and Play-Doh posted better-than-expected sales and raised its outlook for the remainder of the year, they write. Hasbro also issued positive comments regarding its set-up for 2026, citing a strong entertainment slate as new "Star Wars," "Spider-Man" and "Avengers" movies are set to hit theaters, as well as new products across popular brands such as Beyblade and Peppa Pig. JPM raises its price target by 25% to $94. (connor.hart@wsj.com)
(END) Dow Jones Newswires
July 24, 2025 12:17 ET (16:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.