Read Why Goldman Sachs Turns Bullish On This Toy Maker

Read Why Goldman Sachs Turns Bullish On This Toy Maker
  • Goldman Sachs analyst Michael Ng upgraded Mattel Inc MAT to Buy from Neutral with a price target of $31, up from $30, implying a 36.2% upside.
  • The analyst said Mattel stood out against the macroeconomic volatility by good demand for its television and film content releases.
  • Mattel's fixed cost leverage, price hikes, and peaking cost inflation should be positive for its margin in the coming two years.
  • Price Action: MAT shares are trading higher by 3.16% at $23.48 in premarket on the last check Monday.

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