Mattel price target lowered to $25 from $30 at DA Davidson

DA Davidson analyst Keegan Cox lowered the firm’s price target on Mattel (MAT) to $25 from $30 and keeps a Buy rating on the shares. The company missed across the board but reiterated their full year guidance, which implies a strong ramp this holiday season, the analyst tells investors in a research note. Strong industry growth and increasing point-of-sale data indicate that consumer demand hasn’t fallen off yet from tariff related price increases, the firm added.