MKM Said Will Look to Buy Mattel (MAT) on Weakness

Article Related Press Releases (1) Related Articles (1) Stock Quotes (1) Comments (0)

This morning toymaker Mattel (NASDAQ: MAT) reported Q4 EPS of $1.12, $0.03 worse than the analyst estimate of $1.15. Revenue for the quarter came in at $2.23 billion versus the consensus estimate of $2.29 billion.

Commenting on the development, MKM analyst Eric Handler said, "We are curious to hear management's comments regarding 2013, but at this time we see no reason why our positive thesis about the year should change and, barring any overly negative commentary from the company, we would look to be buyers on any weakness today."

MKM Partners has a Buy rating on Mattel Inc. with a price target of $41.00.

For an analyst ratings summary and ratings history on Mattel Inc. (NASDAQ: MAT) click here. For more ratings news on Mattel Inc. click here.

Shares of Mattel Inc. closed at $37.63 yesterday, with a 52 week range of $30.15-$38.48.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
• Leerink Swann Bullish on Insmed (INSM); Raises PT to $22
• Jefferies Bumps PT on Home Depot (HD) to $91

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS View

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?