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MAT

Mattel

$30.30

0.24 (0.80%)

08:04
10/11/16
10/11
08:04
10/11/16
08:04

Mattel expands presence in South Korea

Strengthening its presence in key geographies throughout Asia, Mattel announced that it has finalized strategic relationships with Choirock Contents Factory, Co., Ltd. and Sonokong Co, Ltd., two of Korea's most successful and established toy industry leaders. Under the terms of an agreement with Choirock, Mattel will serve as master toy licensee for the hugely popular Turning Mecard franchise, currently the number one toy franchise in South Korea by sales1. Under the terms of the deal, Mattel will manufacture, distribute and market a wide variety of toys and products inspired by the franchise, including vehicles, action figures, games and other items. Choirock will continue to distribute and manage the Turning Mecard franchise in Korea, while Mattel will hold the right to introduce the franchise in markets throughout the world. Separately, Mattel and Sonokong have entered into a strategic agreement in which Sonokong will serve as Mattel's primary distribution partner in South Korea, with responsibility for sales and product distribution. The agreement applies to Mattel's entire product portfolio, excluding games. Mattel has also entered into a definitive agreement to acquire a 12% equity stake in Sonokong, a publicly-traded company listed on the Korea Exchange. The transaction is expected to be completed later this month.

  • 19

    Oct

MAT Mattel
$30.30

0.24 (0.80%)

09/19/16
09/19/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Adam Jonas saying he believes even flat earnings in 2017 and 2018 would be received as a positive surprise by the market. 2. Wells Fargo (WFC) upgraded to Outperform from Neutral at Baird analyst David George saying he believes the recent pullback is a buying opportunity. 3. Lockheed Martin (LMT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Sam Pearlstein saying he believes the company's earnings can grow 20% per year through 2020. 4. U.S. Steel (X), AK Steel (AKS), and Olympic Steel (ZEUS) were upgraded to Sector Weight from Underweight at KeyBanc with analyst Ivan Marcuse saying the stocks at current levels better reflect the more competitive market conditions he expects in Q4 and 2017. 5. Mattel (MAT) upgraded to Buy from Neutral at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/16
BMOC
10/03/16
NO CHANGE
Target $40
BMOC
Outperform
Mattel turnaround on track, says BMO Capital
BMO Capital analyst Gerrick Johnson attended last week's Dallas Fall Toy Preview and met with Mattel management in Los Angeles. The analyst said management seemed upbeat and confident that the company's business is on the right path towards recovery. Based on early holiday season and back-to-school channel checks, Johnson believes Mattel's business is good. Conversations with retailers and other toy companies have confirmed this, and his view is unchanged after meetings with management. The analyst said Mattel's turnaround is on track and reiterates his Outperform rating and $40 price target.
10/10/16
MKMP
10/10/16
UPGRADE
MKMP
Buy
Mattel upgraded to Buy from Neutral at MKM Partners
10/10/16
MKMP
10/10/16
UPGRADE
Target $36
MKMP
Buy
Mattel upgraded to Buy, risk/reward favorable at MKM Partners
As previously reported, MKM Partners upgraded Mattel to Buy from Neutral and maintained its $36 price target. Analyst Eric Handler said the recent pullback in shares and positive turnaround efforts provide a favorable risk/reward scenario. Handler said revenue stabilization has shifted to growth and new product initiatives should help drive 2017 revenue acceleration.

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  • 01

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$NSD

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$NYE

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  • 17

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SLM

Sallie Mae

$11.47

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  • 18

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AAPL

Apple

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-0.9 (-0.51%)

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  • 01

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FOX

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$35.79

-0.58 (-1.59%)

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Apple

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UPS

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AA

Alcoa

$56.35

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  • 17

    Jan

AAPL

Apple

$176.19

-0.9 (-0.51%)

, BMWYY

BMW

$37.64

1.125 (3.08%)

12:51
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$176.19

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BMWYY

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$37.64

1.125 (3.08%)

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  • 01

    Feb

TBT

ProShares UltraShort 20+ yr Trsry

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