Mattel Needs to Shows its Meddle, MKM Downgrading - Mattel (NASDAQ:MAT)

27% profit every 20 days?

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In a note out today from Eric Handler, Managing Director at MKM Partners, the firm lowered its rating on Mattel (NYSE: MAT) from Buy to Neutral, while reducing the price target from $41 to $32. EPS forecast was lowered to $2.55 from $2.67 (2015) and to $2.54 from $2.96 for 2016. He feels capital returns likely to slow as well, with dividend growth and buyback activity remaining static. According to Mr. Handler, the lost Disney Princess contract creates "another hurdle to overcome", especially given the 500 million in revenue the contract represents, or roughly 18 cents per share in EPS. shares of MAT are trading at lower by 1 percent at 30.50.

27% profit every 20 days?

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