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 Dividend.com DARS™ Rating of 3.5 out of 5 stars.
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