The firm reiterated a buy rating on the stock with a $75 price target on Monday.
Hasbro shares could see big gains thanks to the growth of the "Magic: The Gathering" card game, according to Jefferies. The firm reiterated a buy rating on Hasbro with a $75 price target on Monday. That target implies upside of 45% from Monday's close of $51.73 per share.
Jefferies highlighted WOTC's ability to successfully rollout attractive "Magic: The Gathering" products that appeal to both novice and die-hard fans of the card game. Uerkwitz added that MTG will continue to grow thanks to intellectual property branching out to new players, an increase in spending per player and sparking the interest of lapsed players once again.
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