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Fly News Breaks for February 14, 2020
Feb 14, 2020 | 07:42 EDT
JPMorgan analyst Tami Zakaria raised her price target for Mattel to $18 from $17 citing the company's "significant beat" in Q4. The analyst views the company's 2020 outlook as better than expected and reiterates an Overweight rating on the shares. The Q4 outperformance supports the thesis that Mattel is turning the corner, Zakaria tells investors in a post-earnings research note.
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