JPMorgan raised the firm’s price target on Mattel (MAT) to $23 from $22 and keeps a Neutral rating on the shares as part of a Q3 earnings preview. The firm sees potential modest earnings upside on gross margin with guidance likely “only tweaked higher” on margins given how much of the year is ahead for the toy market and consumer uncertainty.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAT:
- MAT Upcoming Earnings Report: What to Expect?
- Mattel developing live-action View-Master feature film
- Adobe (NASDAQ:ADBE) Launches AI Video Tool as Competition Intensifies
- Fisher-Price to recall over 2M Snuga infant swings over suffocation hazard
- Mattel price target raised to $20 from $18.25 at Jefferies