UPDATE: Citi Raises Price Target on Mattel to $37

According to Citi, Mattel

price target is raised to $37. Citi said that MAT reported EPS of $1.07 vs. FC of $1.01. Sales were $2.15bn vs. FC of $2.21bn. “Given updated trends, we're raising our '12 and '13 EPS by 12c each. Introducing our '14 est. Raising target price by $4 to $37.” Mattel closed yesterday at $31.