According to Citi, Mattel MAT price target is raised to $37.
Citi said that MAT reported EPS of $1.07 vs. FC of $1.01. Sales were $2.15bn vs. FC of $2.21bn. “Given updated trends, we're raising our '12 and '13 EPS by 12c each. Introducing our '14 est. Raising target price by $4 to $37.”
Mattel closed yesterday at $31.
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