UBS raises PT on Hasbro as co on path to achieve long-term margin target
** Brokerage UBS raises PT of toymaker Hasbro Inc HAS.O to $82 from $69 ahead of Q3 results on Oct 24
** Says co could beat the 20% operating margin target it set in for FY 2026 by 2024 or 2025 on gains from its gaming segment, which includes popular brands like Magic: The Gathering and Dungeons & Dragons
** UBS expects Wizards of the Coast and Digital Gaming segment to bring in $1.6 billion in revenue by 2026, from 2023 revenue of $1.46 billion
** Says Wizards segment has a high operating margin growth and a digital component to complement its strong analogue offering along with a loyal and sticky user base
** Twelve of 15 brokerages rate the stock "buy" or higher and three "hold", with a median PT of $77
** Up to Wednesday's close, stock has risen ~41% YTD
Reporting by Neil J Kanatt in Bengaluru
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