Analyst Arpine Kocharyan of UBS maintained a Buy rating on Mattel, retaining the price target of $29.00.
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Arpine Kocharyan has given his Buy rating due to a combination of factors that suggest a positive outlook for Mattel. The company has reiterated its full-year guidance, which indicates confidence in their performance despite the uncertainty surrounding consumer spending during the critical holiday season. This confidence is bolstered by a strong lineup of films that have supported demand, and Mattel’s strategic pricing actions aimed at mitigating tariff impacts.
Additionally, Mattel’s reduced exposure to China compared to the industry positions it favorably in the current market environment. The company is also undergoing organizational changes that align with its strategic goal of managing brands as franchises, which includes expanding beyond the toy aisle into content and consumer products. These factors collectively contribute to a positive assessment of Mattel’s future performance.
In another report released on September 3, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $20.50 price target.