DA Davidson analyst Linda Bolton Weiser lowered the firm’s price target on Mattel to $23 from $31 after its "really bad quarter" but keeps a Buy rating on the shares. The company’s Q4 point of sales trends were "healthy" but lower than the management planned while retailer re-orders have "dried up", the analyst tells investors in a research note. The firm further states that if the stock trades down to $18, its free cash flow yield becomes "very attractive" at 7%.
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Published first on TheFly
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