BofA raised the firm’s price target on Mattel (MAT) to $28 from $26 and keeps a Buy rating on the shares after the company reported Q3 adjusted EPS of $1.14, which beat the firm’s $1.02 forecast. The firm lifted its calendar 2025 EPS estimate to $1.65, which reflects continued gross margin expansion and an estimated $150M in contribution to gross billings from Jurassic World Rebirth, which has a July 2025 release.
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