Mattel: shares jump 5% after Jefferies upgrade
(CercleFinance.com) - Mattel shares jumped over 5% on Wednesday after Jefferies upgraded the stock from "hold" to "buy" and raised its target price to 13 dollars from 9 dollars following a virtual chat with the toymaker's management team.
"Following a hosted virtual chat with Mattel's senior team, we stepped back and analyzed comments over the last 9-12 months," the US broker wrote in a note.
"There's an undertone of confidence that exists today that was there, but shakier, a year ago", it added.
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