DA Davidson raised the firm’s price target on Mattel (MAT) to $30 from $27 and keeps a Buy rating on the shares after the company reported a Q4 earnings beat. Mattel is executing well and plans $600M of share repurchases in 2025 on top of $400M in 2024, and its guidance for 2025 earnings exceeded consensus estimates, the analyst tells investors in a research note. The firm added that it boosted its annual estimates as well, adding that even if the stock opens +10%, it is trading at only 11x the firm’s 2026 EPS view.
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