Morgan Stanley Downgrades Mattel to Equal-Weight, Announces $19 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Megan Alexander downgraded Mattel (NASDAQ:MAT) from Overweight to Equal-Weight and set a price target of $19.
January 17, 2024 | 12:25 pm
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Morgan Stanley downgraded Mattel's stock from Overweight to Equal-Weight and established a price target of $19.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a more cautious outlook on the company's future performance. The new price target may also influence investor expectations and trading behavior.
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