Mattel draws activist investor seeking changes at toymaker - WSJ
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J.P. Morgan sidelined on Mattel (MAT) over performance concerns in 2024
February 5, 2024 9:07 AM ESTJ.P. Morgan downgraded Mattel Inc. (NASDAQ: MAT) to a Neutral rating (from Overweight) and cut their 12-month price target on the toy company to $19.00 (From $24.00), citing several key factors that raise concerns about the company's performance in the coming year. The downgrade comes as the toy industry faces headwinds, particularly in the aftermath of a challenging 2023 holiday season.
Firstly, J.P. Morgan highlights the anticipation of weak industry holiday sales in 2023, attributing it to... More
Mattel (MAT) rises amid an activist investor push to prop up stock price
February 2, 2024 5:16 AM ESTShares of Mattel Inc. (NASDAQ: MAT) rose over 4% in premarket trading Friday after the Wall Street Journal reported an activist investor has set sights on the toy maker in a bid to make changes that would boost its troubled stock.
Accordingly, Barington Capital has built an undisclosed stake in MAT, which closed at... More
