Jefferies Upgrades Mattel Inc to Hold

By Jason Carr

Jefferies analyst Stephanie Wissink upgraded Mattel Inc (NASDAQ: MAT) to Hold today and set a price target of $13. The company’s shares closed yesterday at $13.52, close to its 52-week low of $12.71.

According to TipRanks.com, Wissink is a 1-star analyst with an average return of -0.3% and a 45.6% success rate. Wissink covers the Services sector, focusing on stocks such as Sally Beauty, Regis Corp, and Ulta Salon.

Currently, the analyst consensus on Mattel Inc is Hold and the average price target is $14.38, representing a 6.4% upside.

In a report issued on April 3, Stifel Nicolaus also reiterated a Hold rating on the stock with a $14 price target.

The company has a one-year high of $25.97 and a one-year low of $12.71. Currently, Mattel Inc has an average volume of 6.44M.

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Mattel, Inc. engages in the design, manufacture, and sale of toys. It operates through the following segments: Mattel Girls & Boys Brands; Fisher-Price Brands; American Girl brands; and Construction and Arts & Crafts Brands.