Mattel price target raised to $24 from $22 at Roth MKM

Roth MKM raised the firm’s price target on Mattel to $24 from $22 and keeps a Buy rating on the shares. The company is positioned to at least meet if not beat Q2 estimates, with retailers steadily working down inventories, the analyst tells investors in a research note. Mattel has also benefited from a strong product line-up fueled by Disney Princess and Barbie, ahead of the brand’s major movie release on July 21, the firm states.