Toy maker Mattel, Inc. (MAT) on Monday caught some further positive commentary from analysts at UBS.
The firm maintained its “Buy” rating on MAT and lifted its price target to $36, suggesting a higher 12% upside to the stock’s Friday closing price of $32.17.
UBS also noted it expects Mattel’s earnings outperformance to continue in coming quarters.
Mattel shares, which have surged nearly 16% since the beginning of 2012, were unchanged in premarket trading Monday.
The Bottom Line
We recently added shares of Mattel (MAT) to our recommended list, when the stock was trading at $29.53. The company has a 3.86% dividend yield, based on Friday’s closing stock price of $32.17.
Mattel, Inc. (MAT) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
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