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Fly News Breaks for February 24, 2020
MAT
Feb 24, 2020 | 07:22 EDT
Goldman Sachs analyst Michael Ng said he gained confidence in Mattel's growth outlook following a detailed review into its categories and initiatives that was presented at the New York Toy Fair. The analyst, who noted that Mattel had already provided 2020 guidance, focused its analyst day largely on product initiatives. While he said he has more confidence in growth following the event, Ng keeps a Neutral rating and unchanged $14 price target on Mattel shares.
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