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Fly News Breaks for June 16, 2017
MAT
Jun 16, 2017 | 06:21 EDT
Barclays analyst Felicia Hendrix believes Mattel's dividend reduction Wednesday removed a "key overhang" on the shares. While expected, the magnitude of the cut was greater than expected, Hendrix tells investors in a research note titled "We're Encouraged but Tempered." The analyst lowered her price target for the shares to $22 from $25 and keeps an Equal Weight rating on the name.
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