Hasbro stock plunged 16% after it reported third-quarter earnings that missed analyst estimates. The toy company also lowered its revenue guidance, suggesting a weak holiday quarter ahead. Bank of America downgraded Hasbro to "Neutral" and said its Magic: The Gathering franchise is a victim of its own success. Hasbro stock is down 16% since it reported its earnings results on Thursday, and is down 37% since its early-September high. Bank of America downgraded Hasbro to "Neutral" and slashed its price target from $90 to $53.

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Persons: —, Jason Haas, Haas, We're, Tim Kilpin's Organizations: Hasbro, Bank of America, Service, Wizards, Coast, & Dragons