The departure of Mattel CEO Margo Georgiadis suggests the company's recovery is "foggy" and that no immediate deal is on the table, Jefferies analyst Stephanie Wissink tells investors in a research note. The analyst expects, however, that Georgiadis' exit will resurface potential that Mattel will explore alternatives, including a sale. The company's fundamentals continue to be weak, recovery prospects are strained by capital constraints and brand fatigue, and Toys R Us events are disruptive, the analyst contends. She keeps a Hold rating on Mattel with a $13 price target.