UBS Maintains a 'Buy' on Mattel Inc. (MAT); Q2 Could Miss, But Second Half Looks Strong

July 16, 2012 12:48 PM EDT
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Price: $30.24 +0.73%

Rating Summary:
    12 Buy, 6 Hold, 0 Sell

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    Up: 24 | Down: 17 | New: 14
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UBS maintains a 'Buy' on Mattel Inc. (NASDAQ: MAT) price target of $36.00.

Analyst, Robert W. Carroll, thinks Q2 EPS could disappoint, but it wouldn't be indicative of the potential in the second half of 2012. Last year, the company's toy tie in to the movie Cars 2 was strong and this year's quarter doesn't have a big budget movie tie in (until Batman's The Dark Knight Rises, which doesn't open until Friday). The current Q2 Street consensus estimate is $0.21 and $1.13B.

For an analyst ratings summary and ratings history on Mattel Inc. click here. For more ratings news on Mattel Inc. click here.

Shares of Mattel Inc. closed at $31.23 yesterday.

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