Mattel assumed with a Buy at Goldman Sachs

Goldman Sachs analyst Stephen Laszczyk assumed coverage of Mattel with a Buy rating and $26 price target, representing 29% total potential return. The analyst believes Mattel is well positioned to beat consensus revenue and EBITDA estimates, riven by the "successful execution" of relaunching the Disney Princess and Monster High franchises, extending its leadership position in vehicles through product innovation, and capitalizing on a strong slate of upcoming supporting content. Goldman sees an attractive capital returns opportunity in the shares.