MAT - Is Barbie Good Enough For Mattel In Uncertain Conditions? Morgan Stanley Has Answers | Benzinga
Morgan Stanley analyst Megan Alexander reiterated an Overweight rating on the shares of Mattel Inc (NASDAQ: MAT) and lowered the price target from $27 to $25.
The analyst says that MAT posted a strong Q3 beat, but it was met with muted flow-through to the full-year guide, which likely disappoints against a high bar.
In the analyst’s view, the Q4 sales guidance is reasonable as the implied sequential step-down in billings is far worse than any year, with the exception of 2022, ...