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Jefferies Reiterates Buy on Mattel (MAT) Following 2Q - PT to $36

July 21, 2016 7:40 AM EDT

Jefferies reiterated a Buy rating on Mattel Inc. (NASDAQ: MAT), and raised the price target to $36.00 (from $35.00), following the company's 2Q earnings report.

Analyst Trevor Young commented, "Last night, MAT reported 2Q results. Rev. beat by +2.2% as Barbie (+24% CC) saw a global re-acceleration... More