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Hasbro Moves 6.0% Higher: Will This Strength Last?

Hasbro (NASDAQ: HAS) shares ended the last trading session 6% higher at $61.50. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.5% loss over the past four weeks. Shares of Hasbro surged, after an analyst at Bank of America upgraded the company's rating. Per the report, the analyst revised price targets, backed by an accelerating digital growth and a recovering physical play business. The outlook for Hasbro's Magic business remains stable, buoyed by enthusiasm for upcoming releases like Modern Horizons 3. Looking ahead to 2025, analysts foresee continued momentum ...