Mattel (MAT) Receives a Buy from Bank of America Securities
Bank of America Securities analyst Andrew Didora maintained a Buy rating on Mattel today and set a price target of $22.00.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Didora covers the Industrials sector, focusing on stocks such as United Airlines Holdings, Alaska Air, and Allegiant Travel Company. According to TipRanks, Didora has an average return of 1.7% and a 54.51% success rate on recommended stocks.
In addition to Bank of America Securities, Mattel also received a Buy from UBS’s Arpine Kocharyan in a report issued on July 13. However, on July 14, Roth MKM assigned a Hold rating to Mattel (NASDAQ: MAT).
Based on Mattel’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $862.17 million and a net profit of $61 million. In comparison, last year the company earned a revenue of $826.63 million and had a GAAP net loss of $40.32 million
Read More on MAT:
