Morgan Stanley analyst Megan Alexander Clapp raised the firm’s price target on Mattel (MAT) to $22 from $21 and keeps an Equal Weight rating on the shares. Heading into Q4 earnings, the firm views the risk/reward as “more favorably skewed” for Hasbro (HAS) relative to Mattel, the analyst tells investors in a preview for the pair of toymakers. While expectations for Hasbro are higher and the range of potential near-term outcomes appears narrower, the firm has greater confidence in positive revisions on the print and does not view the valuation as “overly demanding,” the analyst added.
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