Is Barbie Good Enough For Mattel In Uncertain Conditions? Morgan Stanley Has Answers

Morgan Stanley analyst Megan Alexander reiterated an Overweight rating on the shares of Mattel Inc (NASDAQ:MAT) and lowered the price target from $27 to $25.

The analyst says that MAT posted a strong Q3 beat, but it was met with muted flow-through to the full-year guide, which likely disappoints against a high bar.