Hasbro, Shapeways partner to sell artwork based on 'MLP' franchise Shapeways announced on its website that it has teamed up with Hasbro to launch SuperFanArt, "a website that enables fans inspired by Hasbro brands to showcase their artwork and sell their 3D printed designs there and on Shapeways. SuperFanArt grants the passionate and talented Hasbro brand fan base and Shapeways community a license to create exciting new art and product offerings. The first license is granted to a select number of 3D artists to create artwork based on My Little Pony." :[http://www.shapeways.com/discover/superfanart/]
Hasbro downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded Hasbro to Neutral saying shares are trading at peak multiples. Piper views the stock as fairly valued based on current expectations following the company's Q2 results. It raised its price target for shares to $85 from $79.
Hasbro reports Q2 Boys revenue up 1% to $340.4M Q2 Boys revenue driven by gains in nerf brands, as well as shipments in support of Jurassic World and growth in Marvel and Star Wars products. Reports Q2 Girls revenue down 22% to $127.5M, with Furby the leading driver of the decline. Reports Q2 Games revenue down 6% to $211.6M. Reports Q2 Preschool revenue up 14% to $118.1M.