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MAT

Mattel

$17.64

3.02 (20.66%)

, HAS

Hasbro

$96.83

5.38 (5.88%)

13:11
11/14/17
11/14
13:11
11/14/17
13:11

Mattel worth $22-$25 per share in buyout, investor tells Bloomberg

Mattel (MAT) investor Jerome Dodson of Parnassus Endeavor Fund told Bloomberg in an interview that the toymaker is worth $22 to $25 per share in a buyout scenario. The Wall Street Journal reported last week that Hasbro (HAS) made a takeover approach to Mattel. The stock in afternoon trading is up 4% to $18.42.

MAT

Mattel

$17.64

3.02 (20.66%)

HAS

Hasbro

$96.83

5.38 (5.88%)

MAT Mattel
$17.64

3.02 (20.66%)

11/03/17
DADA
11/03/17
UPGRADE
Target $12
DADA
Neutral
Mattel upgraded to Neutral from Underperform at DA Davidson
DA Davidson analyst Linda Bolton Weiser upgraded Mattel to Neutral from Underperform and kept her $12 price target following Q3 results. While the company suspended its dividend and saw a 51% decline in operating profit, the analyst is positive on the company's 2-year $650M cost reduction program and plans to reduce its product range. Weiser also notes the company is not facing any imminent liquidity issues given its credit ratings.
11/03/17
11/03/17
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. Twitter (TWTR) upgraded to Buy from Hold at Argus with analyst Jim Kelleher citing an increase in user engagement, strong growth in adjusted EBITDA, and anticipated return to annual revenue growth next year. 2. Mattel (MAT) upgraded to Neutral from Underperform at DA Davidson with analyst Linda Bolton Weiser saying while the company suspended its dividend and saw a 51% decline in operating profit, she is positive on the company's 2-year $650M cost reduction program and plans to reduce its product range. 3. Wingstop (WING) upgraded to Buy from Hold at Stifel with analyst Chris O'Cull saying he thinks the consensus 2018 same-restaurant sales projection of 3% growth will prove conservative. 4. CACI (CACI) upgraded to Buy from Hold at Noble Financial with the firm's analyst saying the market overreacted to bookings and pipeline news, and views the pullback as a buying opportunity. 5. Regeneron (REGN) upgraded to Neutral from Underperform at Baird with analyst Brian Skorney citing better than expected Dupixent sales. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/13/17
JEFF
11/13/17
NO CHANGE
JEFF
Jefferies views potential Hasbro, Mattel merger as possible
With highly different cultures and strategies, the possible merger between Hasbro (HAS) and Mattel (MAT) is less about financial accretion and more about risk/disruption, comparative uses of capital, and related returns, Jefferies analyst Stephanie Wissink tells investors in a research note. "Possible - yes; productive - less so," is how the analyst describes the possible tie-up. She believes the level of profit augmentation from a deal is heavily dependent on what kind of cost duplication actually exists and what levels of investment would be required to rebuild Mattel's sales model.
11/14/17
DADA
11/14/17
NO CHANGE
Target $124
DADA
Buy
Hasbro benefits from Mattel acquisition would be immense, says DA Davidson
DA Davidson analyst Linda Bolton Weiser says that if The Wall Street Journal speculation of a Mattel (MAT) takeover by Hasbro (HAS) comes to fruition, at $18 per share price point the Hasbro EPS accretion potential could be at $7.50-$8.50. Weiser adds the benefits of the combination would be immense, noting that her analysis does not even include the revenue synergies potential, as Hasbro may apply its content development capabilities to Mattel's brands. The analyst keeps her Buy rating and $124 price target on Hasbro.
HAS Hasbro
$96.83

5.38 (5.88%)

10/24/17
BMOC
10/24/17
NO CHANGE
Target $83
BMOC
Market Perform
Hasbro price target lowered to $83 from $90 at BMO Capital
BMO Capital analyst Gerrick Johnson lowered his price target on Hasbro to $83 following Q3 results and lower Q4 guidance. While the Toys R Us bankruptcy was an issue, Johnson writes in his research note, the company is also constrained by the overall underperformance of movie-related toys as suggested by other retailers. Johnson keeps his Market Perform rating on Hasbro, lowering his FY18 EPS forecast to $5.00 from $5.09.
10/24/17
10/24/17
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. Hasbro (HAS) upgraded to Overweight from Equal Weight at Barclays with analyst Felicia Hendrix saying she believes the 8.6% selloff in shares yesterday on news of the Toys R Us bankruptcy is overdone. 2. Party City (PRTY) upgraded to Outperform from Market Perform at BMO Capital with analyst Wayne Hood saying the 34% pullback in shares over the past 12 months creates a favorable risk/reward entry point. 3. Alon USA Partners (ALDW) upgraded to Outperform from Neutral at Macquarie. 4. EnLink Midstream (ENLC) upgraded to Buy from Neutral at UBS with analyst Shneur Gershuni saying the company's 16% interest in Oklahoma Tall Oak is underappreciated following the recent selloff in the shares. 5. Delek US (DK) upgraded to Outperform from Neutral at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TSLA

Tesla

$315.05

2.55 (0.82%)

10:21
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Tesla new super car to cost $200,000, Recode says »

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    Jan

GT

Goodyear Tire

$29.94

0.63 (2.15%)

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HMC

Honda

$32.62

0.02 (0.06%)

10:05
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Honda recalls 900,000 minivans on tip forward seats, Reuters says »

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PG

Procter & Gamble

$88.43

-0.82 (-0.92%)

09:48
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Activist investors Nelson Peltz still in P&G picture, Barron's says »

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

, GE

General Electric

$18.21

-0.04 (-0.22%)

09:39
11/18/17
11/18
09:39
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09:39
Periodicals
Buy Baker Hughes, Barron's says »

While it is "not…

BHGE

Baker Hughes

$30.91

0.76 (2.52%)

GE

General Electric

$18.21

-0.04 (-0.22%)

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  • 14

    Dec

CSCO

Cisco

$35.90

0.02 (0.06%)

09:19
11/18/17
11/18
09:19
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Periodicals
More needed for Cisco to have 'groove back,' Barron's says »

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  • 27

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  • 17

    Jan

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    Jan

IBM

IBM

$148.97

-0.15 (-0.10%)

09:10
11/18/17
11/18
09:10
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09:10
Periodicals
IBM could be next to fetch higher valuation, Barron's says »

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  • 27

    Nov

GE

General Electric

$18.21

-0.04 (-0.22%)

09:05
11/18/17
11/18
09:05
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09:05
Periodicals
Option play offer some help given GE dividend, depressed stock, Barron's says »

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:00
11/18/17
11/18
09:00
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09:00
Periodicals
Risk remains after GE dividend cut, Barron's says »

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

08:21
11/18/17
11/18
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08:21
Hot Stocks
Week in review: How Trump's policies moved stocks »

Catch up on the top…

TWX

Time Warner

$88.72

0.71 (0.81%)

T

AT&T

$34.51

-0.01 (-0.03%)

NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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  • 28

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  • 29

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TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
11/18/17
11/18
07:25
11/18/17
07:25
Conference/Events
TPI Composites to host investor day »

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  • 05

    Dec

SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
11/18/17
11/18
04:55
11/18/17
04:55
Conference/Events
Synaptics management to meet with KeyBanc »

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  • 18

    Nov

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
11/17/17
11/17
18:01
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18:01
Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

S&P Dow Jones Indices…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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  • 28

    Nov

  • 06

    Dec

WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
11/17/17
11/17
18:01
11/17/17
18:01
Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
11/17/17
11/17
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17:58
Hot Stocks
Tactile Systems to replace Lumos Networks in S&P 600 at open on 11/22 »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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  • 28

    Nov

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

17:56
11/17/17
11/17
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Hot Stocks
Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

Invesco Mortgage to…

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

17:55
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11/17
17:55
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17:55
Hot Stocks
MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

S&P 500 constituent…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

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  • 06

    Dec

UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
11/17/17
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17:24
Syndicate
Breaking Syndicate news story on UQM Technologies »

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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
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11/17
17:23
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17:23
Periodicals
Goldman Sachs has $510M lawsuit dismissed, Reuters reports »

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VICL

Vical

$1.94

-0.02 (-1.02%)

17:18
11/17/17
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Breaking Hot Stocks news story on Vical »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
11/17/17
11/17
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Hot Stocks
Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
11/17/17
11/17
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Hot Stocks
Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
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11/17
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Hot Stocks
Ligand CEO sells 5,269 common shares »

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MBI

MBIA

$9.01

0.13 (1.46%)

17:15
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11/17
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Hot Stocks
Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

17:03
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Breaking Hot Stocks news story on Rubicon »

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