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Fly News Breaks for April 11, 2018
MAT
Apr 11, 2018 | 06:17 EDT
Jefferies analyst Stephanie Wissink upgraded Mattel to Hold and raised her price target for the shares to $13 from $12. The company's near-term risks are largely known and priced into the shares, Wissink tells investors in a research note. The analyst views the Toys R Us liquidation, a sales recovery pushout and lack of portfolio contribution to value creation as risks to Mattel. She believes, however, that the stock is nearing fair value.
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