Fly News Breaks for January 27, 2020
HAS, MAT
Jan 27, 2020 | 09:01 EDT
JPMorgan analyst Tami Zakaria initiated coverage of Mattel (MAT) with an Overweight rating and $17 price target as well as Hasbro (HAS) with a Neutral rating and $113 price target. After an "arguably tough" 2019 holiday season, the U.S. toy industry can return to better growth in 2020 after consecutive years of declines primarily driven by the Toys R Us bankruptcy, Zakaria tells investors in a research note. The analyst views Mattel as a long-term value play on a turnaround story. Her Neutral rating on Hasbro reflects valuation and near-term risks from the shortened 2019 holiday.
News For MAT;HAS From the Last 2 Days