Why Mattel Stock Was Moving Higher Today
Shares of Mattel (NASDAQ: MAT) were getting a boost today after the toy maker got a bullish analyst note from Morgan Stanley this morning.
As a result, Mattel stock was up 4.5% as of 10:51 a.m. ET.
Morgan Stanley initiated coverage on Mattel with an overweight rating, calling the stock a top pick. The analyst expects Wall Street estimates to move higher as the company's turnaround gains traction, and said the company should take share in the $300 billion U.S. retail licensing market, coming off the smash hit Barbie movie. The firm gave Mattel a $27 price target, implying a 27% upside from its closing price last night.
Source Fool.com
Mattel Inc. Stock
€17.70
0.230%
With 9 Buy predictions and not the single Sell prediction the community is currently very high on Mattel Inc..
With a target price of 24 € there is a positive potential of 35.59% for Mattel Inc. compared to the current price of 17.7 €.
