Citi analyst James Hardiman raised the firm’s price target on Mattel to $25 from $24 and keeps a Buy rating on the shares after its Q4 exceeded sell-side and buy-side estimates. The management has charted a path to solid 2024 growth on the strength of an improving retail environment, continued strength in vehicles, and meaningful gross margin expansion, the analyst tells investors in a research note.
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Read More on MAT:
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- Mattel (NASDAQ: MAT) Misses Q4 Estimates
- Mattel authorizes $1B share repurchase program
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