Mattel: stock slowed by broker downgrade
(CercleFinance.com) - The Mattel share is up just 1% in early trading, clearly underperforming the booming market on Wall Street, weighed on by Jefferies downgrading its rating on the share of the toy maker from "buy" to "hold".
The broker says it is "pausing our thesis," with the share not far from its target price, which has been maintained at 15 dollars. "Though we are not turning more bearish," it says, acknowledging that the group has momentum.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker says it is "pausing our thesis," with the share not far from its target price, which has been maintained at 15 dollars. "Though we are not turning more bearish," it says, acknowledging that the group has momentum.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.