Mattel Upgraded at Needham (MAT)

Mattel Upgraded at Needham (MAT)

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Needham reported on Friday that they have upgraded toy company, Mattel, Inc.(MAT).

The firm has increased the company’s price target from a “Hold” to a “Buy.” Analysts see MAT obtaining increased market share from the holiday season.

Mattel shares were mostly flat during premarket trading Friday. The stock has increased 32% in the past year.

The Bottom Line
We have been recommending shares of Mattel (MAT) since Jan.31, 2012, when the stock was trading at $29.53. The stock has a 3.38% dividend yield, based on last night’s closing stock price of $36.72.

Mattel, Inc.(MAT) is a “Recommended” dividend stok at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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