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.
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Read More on MAT:
- Mattel’s Strong Financial Outlook and Strategic Initiatives Justify Buy Rating
- Mattel Advocates “Zero Tariffs on Toys” Amid Plans for Price Hikes
- Mattel Inc. Reports Resilient Q1 2025 Performance
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- Mattel: Q2 costs not expected to be impacted by tariffs due to inventory timing
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