Why Shares of Mattel Bounced Back Today
Shares of toy maker Mattel (NASDAQ: MAT) surged on Monday, erasing the loss suffered last week following the company's disastrous third quarter. Speculation about a possible takeover seems to be the main driver. The stock was up about 11.5% at 3:45 p.m. EDT.
A report from Gerrick Johnson, an analyst at BMO Capital Markets, suggested that Mattel could be a takeover target after its dismal results. Mattel's third-quarter earnings report featured a double-digit revenue decline, a steep drop in earnings, and the suspension of the dividend. The Toys R Us bankruptcy was a major headwind, but Mattel has been facing weak demand for its core brands for years.
Image source: Mattel.
Source: Fool.com
Mattel Inc. Aktie
12,93 €
-0,35 %
Eine klare Tendenz zu Buy-Einschätzungen bei Mattel Inc., ohne Sell-Einschätzungen.
Für Mattel Inc. sieht die Community ein Kursziel von 16 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 12.93 € bedeutet.
