Seaport start Mattel with a Neutral amid ‘mix of pros and cons’

As previously reported, Seaport Research initiated coverage of Mattel (MAT) with a Neutral rating and no price target The firm sees “a mix of pros and cons that net out to a Neutral rating,” telling investors that while Mattel should benefit from a toy industry that has been performing well so far in 2025, its overall financial performance has been uneven and two of its largest brands are showing signs of weakness.