- Goldman Sachs analyst Michael Ng upgraded Mattel Inc (NASDAQ:MAT) to Buy from Neutral with a price target of $31, up from $30, implying a 36.2% upside.
- The analyst said Mattel stood out against the macroeconomic volatility by good demand for its television and film content releases.
- Mattel’s fixed cost leverage, price hikes, and peaking cost inflation should be positive for its margin in the coming two years.
- Price Action: MAT shares are trading higher by 3.16% at $23.48 in premarket on the last check Monday.
Bitcoin Tops $27,000 After PCE Data; Pepe Emerges As Top Gainer
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $27,000 level on Friday.
Ethereum (CRYPTO: ETH) also moved higher, but traded below the key $1,700 mark this morning.
