Mattel, Inc. (MAT) was upgraded to “Buy” at MKM Partners on Wednesday as the toy and game manufacturer is seen to be in a position to have a solid 2013 with accelerating capital returns.
The analysts upgraded MAT from “Neutral” to “Buy” and see shares reaching $41. This target is a +15% upside to Tuesday’s closing price of $35.70.
Mattel shares were flat in premarket trading on Wednesday. The stock is up +26.8% over the past year.
The Bottom Line
We have been recommending shares of Mattel (MAT) since Jan.31, 2012, when the shares were trading at $29.53. The company has a 3.47% dividend yield, based on last night’s closing stock price of $35.70.
Mattel, Inc. (MAT) is recommended at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here