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Fly News Breaks for March 4, 2020
MAT
Mar 4, 2020 | 06:10 EDT
KeyBanc analyst Brett Andress upgraded Mattel to Overweight from Sector Weight with a $16 price target. The analyst come away from a recent trip with management more confident in the long-term trajectory of the business. Combined with future potential cost savings, cash flow optionality and the recent pullback in shares, Andress views Mattel's risk/reward as favorable for opportunistic long-term investors.
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