Skip to main content

Mattel stock price erupts on Jefferies upgrade

By: Invezz

Shares of Mattel (NASDAQ: MAT) have jumped 6% on Wednesday after Jeffries upgraded the toy maker’s stock from “hold” to “buy”. Today’s surge has pushed the stock price above $10 for the first time since March.  Fundamental analysis: Mattel stock to outperform in the second half of the year Mattel stock price has been enjoying a great day after Jeffries upgraded the stock to “buy”. “Following a conversation with mgmt, channel checks and our analysis of web traffic and tend data, we have greater confidence in 2H stability and see an oppty for MAT outperform modeled EBITDA in 2020,” analysts

The post Mattel stock price erupts on Jefferies upgrade appeared first on Invezz.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.