The Ratings Game
‘While the overprinting upset many players and collectors, it hasn’t had a discernable impact on demand,’ analysts say
Last year, some Wall Street analysts worried that Hasbro Inc. was flooding the market with excess “Magic: The Gathering” cards, irritating game shops and players and threatening the fantasy game’s reputation overall. But players nonetheless have continued to buy up cards and sets so far this year.
That demand prompted BofA analysts — who were initially worried about the oversupply — to upgrade Hasbro HAS to neutral from underperform. They also raised their price target on the stock to $63 from $42.