Mattel draws activist investor seeking changes at toymaker - WSJ
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/25/2026
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- Grand Canyon Education places CFO on leave amid stock trade probe
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Funds sell $44bn in semiconductors on AI concerns
- RUM Group signs $13.7 billion GPU services deal, issues warrants
J.P. Morgan sidelined on Mattel (MAT) over performance concerns in 2024
February 5, 2024 9:07 AM ESTJ.P. Morgan downgraded Mattel Inc. (NASDAQ: MAT) to a Neutral rating (from Overweight) and cut their 12-month price target on the toy company to $19.00 (From $24.00), citing several key factors that raise concerns about the company's performance in the coming year. The downgrade comes as the toy industry faces headwinds, particularly in the aftermath of a challenging 2023 holiday season.
Firstly, J.P. Morgan highlights the anticipation of weak industry holiday sales in 2023, attributing it to... More
Mattel (MAT) rises amid an activist investor push to prop up stock price
February 2, 2024 5:16 AM ESTShares of Mattel Inc. (NASDAQ: MAT) rose over 4% in premarket trading Friday after the Wall Street Journal reported an activist investor has set sights on the toy maker in a bid to make changes that would boost its troubled stock.
Accordingly, Barington Capital has built an undisclosed stake in MAT, which closed at... More
