Morgan Stanley Downgrades Mattel Inc. (MAT) to Equalweight

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Morgan Stanley downgrades Mattel (MAT), sees downside to consensus estimates

January 17, 2024 8:17 AM EST

(Updated - January 17, 2024 8:23 AM EST)

Morgan Stanley downgraded Mattel (NASDAQ: MAT) to Equal Weight from Overweight in a note Wednesday, cutting its price target for the stock to $19 from $25 per share.

Analyst Megan Alexander said in a note covering the leisure sector that they continue to be selective, looking for earnings achievability and/or... More