Mattel shares are trading lower following the company's Q3 financial results. Also, Morgan Stanley maintained an Overweight rating on the stock but lowered its price target from $27 to $25.
Portfolio Pulse from Benzinga Newsdesk
Mattel's Q3 financial results have led to a decrease in its share price. Morgan Stanley has maintained an Overweight rating on the stock but reduced its price target from $27 to $25.
October 26, 2023 | 3:27 pm
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Mattel's shares are trading lower following Q3 results. Morgan Stanley maintains an Overweight rating but lowers price target.
The decrease in Mattel's share price is directly linked to its Q3 financial results. Additionally, Morgan Stanley's decision to lower its price target, despite maintaining an Overweight rating, could further impact investor sentiment and the stock's performance.
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IMPORTANCE 80
RELEVANCE 100