DA Davidson raised the firm’s price target on Mattel (MAT) to $30 from $27 and keeps a Buy rating on the shares. The company reported a Q4 earnings beat, with sales excluding FX up 3% and operating profit up 10%, the analyst tells investors in a research note. Mattel is executing well and plans $600M of share repurchase in 2025 on top of $400M in 2024, the firm added.
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Read More on MAT:
- Mattel Inc. Earnings Call: Profit Growth Amid Challenges
- Alphabet, Disney report quarterly beats: Morning Buzz
- Mattel price target raised to $30 from $27 at DA Davidson
- MAT Earnings: Barbie and Hot Wheels Parent Mattel Shares in the Pink on Rosy 2025 Outlook
- Mattel price target raised to $23 from $22 at Morgan Stanley
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