Mattel price target raised to $17 from $16 at Morgan Stanley

Morgan Stanley analyst Megan Alexander raised the firm’s price target on Mattel (MAT) to $17 from $16 and keeps an Equal Weight rating on the shares after the company reported “solid” top and bottom-line upside and paused its fiscal year outlook with the uncertain macro environment limiting demand visibility. Mattel believes it can fully offset tariffs in FY25 at the current rates, which is “impressive, though not without short/long-term risks,” the analyst added.