Hasbro upgraded to Buy with strong growth in MAGIC franchise and solid cash flow supporting $100 target.

Hasbro shares have been upgraded to 'Buy' following a recent pullback, presenting an attractive entry point with a 5.5% free cash flow yield. The company's MAGIC franchise is driving strong revenue growth, supported by a promising film slate that helps offset challenges in the traditional toy market. Despite conservative full-year guidance, Q1 results showed 13% revenue growth, margin expansion, and robust free cash flow. Hasbro's strong balance sheet allows for increased share buybacks and maintains a secure 3% dividend, underpinning a $100 price target as shares recover.