Mattel Bolsters Digital And Smart Technology Capabilities With Pair Of Strategic Acquisitions
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Piper Jaffray Raises Price target on Mattel (MAT) After Disney Savings Help Drive 4Q EPS
February 2, 2016 7:35 AM ESTPiper Jaffray reiterated a Neutral rating on Mattel Inc. (NASDAQ: MAT), and raised the price target to $26.00 (from $22.00), following the company's 4Q earnings report. MAT reported adjusted Q4 EPS of $0.63 vs. the Street at $0.61. The upside came largely from a cut in trade spend for Disney Princesses as the company undersold... More
