Argus upgraded Mattel Inc. (NASDAQ: MAT) from Sell to Buy with a price target of $38.00.

The analyst said solid fourth-quarter results support our view that the company is in the early stages of a turnaround.

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 $31.76 yesterday.