Toymaker Hasbro up after Stifel raises PT on steady demand
** Shares of toymaker Hasbro HAS.O up ~1% at $73.52 premarket
** Brokerage Stifel raises PT to $82 from $78 citing benefits from stable demand for mobile and video games like "Monopoly Go!"
** See positive underlying trends including moderating declines in consumer products - major revenue-generating business, and healthy inventory position ahead of seasonally important Q3 - brokerage
** Adds, cost savings initiatives through operational excellence program, supply chain management as well as co's vast product portfolio to further boost margin performance in Q3
** New PT represents 13.1% premium to stock's last close of $72.49
** Hasbro is scheduled to report third-quarter earnings on Oct. 24
** Twelve of 15 brokerages rate the stock "buy" or "higher" and three "hold"; their median PT is $74 - LSEG
** Up to last close, stock up nearly 42% YTD
Reporting by Anuja Bharat Mistry in Bengaluru
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