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Mattel (MAT) Stock Falling Today on Analyst Action

2014-12-20 06:27:33| Toys - Topix.net

Earlier today BMO Capital issued an analyst note lowering its price target on Mattel to $28 from $30, as well as Hasbro to $55 from $57 as the research firm believes "domestic toy industry appears to have taken a turn for the worse in the fourth quarter declining about 2% after being up nearly 4% over the first nine months." "Furthermore, we believe Mattel has been losing share to competitors, most of them privately held, and has seen domestic retail slide by 12% so far in the quarter," BMO added.

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