- D.A. Davidson analyst Linda Bolton Weiser reiterated the Buy rating on the shares of Mattel Inc (NASDAQ:MAT) with a price target of $45.00.
- The analyst said the more muted 2022 outlook for Barbie is due entirely to Dream House softness due to its high price point and elevated consumer purchases during the pandemic.
- Weiser noted that the consumers should notice the higher quality of MAT’s Princess dolls versus Hasbro, Inc. (NASDAQ:HAS) dolls.
- Related: Mattel’s Q2 Results
- She added that Walmart Inc. (NYSE:WMT) and Target Corp (NYSE:TGT) had not noted problems with toy inventory being too high.
- Weiser thinks American Girl should perform better in 2H22, as more new products are planned.
- Listing out the risks, she said the toy industry is highly competitive with low barriers to entry, making it difficult for the company to achieve, maintain, or build upon its successful brands and products.
- Price Action: MAT shares are trading lower by 0.13% at $23.49 on the last check Wednesday.
- Photo Via Company
Alloy Manufacturer Haynes Gets Hitched: Scores 9% Premium In $970M Takeover Deal
Haynes International embarks on a $970 million acquisition journey by North American Stainless, a subsidiary of Acerinox SA. The all-cash deal, priced at $61.00 per share, signifies a 9% premium, boosting confidence in the company's growth prospects. The strategic move is set to enhance operations, with an additional $200 million investment in the combined U.S. operations, primarily focused on Kokomo, Indiana.
