Mattel price target raised to $25 from $24 at Citi

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.