Mattel price target raised to $22 from $19 at Citi

Citi raised the firm’s price target on Mattel (MAT) to $22 from $19 and keeps a Buy rating on the shares. The company reported a solid Q1 beat on both the sales and margin fronts, but the real surprise was that it expects to offset 100% of the incremental tariff-related cost headwind in 2025 and beyond, the analyst tells investors in a research note. The firm says that although management withdrew guidance due to sales uncertainty given macro volatility and potential risk to end-demand, Mattel has potential offsets in the form of shelf space share gains and could still fall within its previous guidance range.