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

February 1, 2013 10:43 AM EST Send to a Friend
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Price: $30.81 -0.23%

Rating Summary:
    2 Buy, 11 Hold, 1 Sell

Rating Trend: = Flat

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    Up: 0 | Down: 0 | New: 0
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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.


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