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Fly News Breaks for October 16, 2015
MAT
Oct 16, 2015 | 07:59 EDT
After Mattel reported weaker than expected Q3 results, Oppenheimer says that the company's sales missed its estimates primarily due to a sales shift from Q3 into Q4 and adverse foreign exchange impacts. The firm says that positive sales trends in many of the company's core brands make it believe that the company's turnaround is working. Oppenheimer keeps a $27 price target and Outperform rating on the shares.
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