Stifel Maintains Buy on Mattel, Lowers Price Target to $23-Report Released on 23 January 2024
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Drew Crum has maintained a Buy rating on Mattel (NASDAQ:MAT) but has reduced the price target from $26 to $23 as reported on January 23, 2024.
January 24, 2024 | 3:49 pm
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Stifel analyst Drew Crum maintains a Buy rating on Mattel but lowers the price target from $26 to $23.
While the reduction in price target could suggest a more conservative outlook on Mattel's future stock performance, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. The mixed signals may result in a neutral short-term impact on the stock price as the market digests both the positive rating and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100