Jefferies analyst Kylie Cohu lowered the firm’s price target on Mattel (MAT) to $19 from $25 and keeps a Buy rating on the shares. Mattel showed weak margin execution in Q4 and FY26 will be pressured by sizeable strategic investments, says the analyst, who lowers estimates to the low end of guidance and flags risk if Holiday demand underperforms. Trust “remains strained, but valuation is still reasonable as the company transitions through a reset year,” the analyst tells investors.
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