Mattel Upgraded at Needham (MAT)
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.
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