AllAnalyst Report
logoArgusFebruary 16, 2021

Mattel, Inc.: Upgrading to BUY with $22 target

Symbols
MAT
Sector(s)
Consumer Cyclical
Rating
Current Price
$21.13
Price Target
$NaN
Earnings Estimate
Summary

Mattel Inc. is a designer and manufacturer of a wide range of children's toys. Its most popular brands include Monster High, Barbie, Hot Wheels, Fisher-Price, and American Girl. Mattel also develops and markets toys based on popular movies, such as 'Cars,' 'Toy Story,' 'Batman' and 'Superman.' In 2019, Mattel began the Mattel Film franchise, which includes films, television, digital gaming, and live events, and has helped drive demand for its toys. Founded in 1945, the company is based in El Segundo, California and has approximately 28,000 employees.

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Analyst Profile

Kristina Ruggeri

Analyst: Generalist
Kristina began working with Argus Research in 2019. She is responsible for covering selected Consumer Discretionary and Consumer Staples Stocks and has nearly 20 years of experience in the financial services industry. Kristina began her career at Price Waterhouse where she audited asset managers, broker dealers, and banks. Later she joined J.P. Morgan as a financial analyst. In 1994, Kristina joined Bankers Trust Company where she managed the daily operations of several equity derivative funds and later implemented tools to mitigate risk and improve workflow processes. Prior to working with Argus, Kristina was a Senior Director at S&P Global where she led key competitive intelligence and market research initiatives and executed programs to better understand client needs. Kristina earned a BS in Accounting and a minor in Spanish from Bucknell University. She holds an MBA in Finance from New York University’s Stern School of Business and is a Certified Public Accountant. Kristina is also a certified teacher in the State of New Jersey and devotes time to working with elementary and middle school-aged students.