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UPDATE: Piper Jaffray Initiates Coverage on Mattel at Overweight on Attractive Cash Flows

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In a report published on Tuesday, Piper Jaffray analyst Maria Vizuete initiated coverage on Mattel (NASDAQ: MAT) at Overweight with a price target of $53.00.

In the report, Piper Jaffray noted, "The value inherent in the company today is tied in large part to one of the strongest portfolios of brands in the children's products industry and the revenue expansion potential derived from brand permission to extend into other children's products categories and entertainment venues. The company is currently at peak margin, near 18% on a blended basis, having improved significantly from 9% in 2008."

Mattel closed on Monday at $46.17.

Latest Ratings for MAT

Oct 2016B. RileyMaintainsBuy
Oct 2016MKM PartnersUpgradesBuyBuy
Sep 2016Monness Crespi HardtUpgradesNeutralBuy

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Posted-In: Maria Vizuete Piper JaffrayAnalyst Color Initiation Analyst Ratings


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