MAT - Mattel - toysRthem Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : MAT - Mattel - toysRthem

MAT 20.51

+0.4%

Dec 16 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Arthur Tang who wrote (664)	12/7/2000 2:09:58 PM
From: Neil H	of 706

Thursday December 7, 12:00 pm Eastern Time RESEARCH ALERT-Merrill raises Mattel to buy NEW YORK (Reuters) - Merrill Lynch said on Thursday that it raised its rating on Mattel Inc. (NYSE:MAT - news), maker of Barbie and Hot Wheels cars, to buy from accumulate and raised the 12-month price target to $18. Mattel's products are performing well during holiday toy sale season, Merrill said. Merrill analyst Hayley Kissell cut 2000 earnings per share estimates to 68 cents from 70 cents for adjusting foreign exchange and higher sales, general and administrative costs. Merrill's 68 cents a share is higher than First Call/Thomson Financial's 67 cents. ``Depressed stock price coupled with good sales trends should enable stock to carry momentum into traditional first quarter upswing period for toy stocks,'' Kissell said in a research note. Changes at the company from new Chief Executive Bob Eckert support a long-term buy recommendation, Kissell said in the research note. Longer-term, Mattel could trade into the $20's as it continues to make progress, Kissell said. Mattel shares closed at $13.72 on Wednesday. The 52-week range is $8-15/16 to $15-1/16

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next