Jefferies Maintains Hold on Mattel, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Andrew Uerkwitz maintains a Hold rating on Mattel (NASDAQ:MAT) and raises the price target from $19 to $20.

March 15, 2024 | 5:01 pm
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Jefferies analyst Andrew Uerkwitz maintains a Hold rating on Mattel and raises the price target from $19 to $20.
The increase in price target by Jefferies suggests a positive outlook on Mattel's stock, potentially leading to increased investor confidence and a short-term positive impact on the stock price. However, the Hold rating indicates that the analyst sees the stock as fairly valued at current levels, which might temper the positive impact.
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IMPORTANCE 75
RELEVANCE 100