MKM Partners Upgrades Mattel to "Buy" (MAT)

MKM Partners Upgrades Mattel to “Buy” (MAT)


Mattel, Inc. (MAT) was upgraded to “Buy” at MKM Partners on Wednesday as the toy and game manufacturer is seen to be in a position to have a solid 2013 with accelerating capital returns.

The analysts upgraded MAT from “Neutral” to “Buy” and see shares reaching $41. This target is a +15% upside to Tuesday’s closing price of $35.70.

Mattel shares were flat in premarket trading on Wednesday. The stock is up +26.8% over the past year.

The Bottom Line
We have been recommending shares of Mattel (MAT) since Jan.31, 2012, when the shares were trading at $29.53. The company has a 3.47% dividend yield, based on last night’s closing stock price of $35.70.

Mattel, Inc. (MAT) is recommended at this time, holding a 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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