Read Why Goldman Sachs Turns Bullish On This Toy Maker

Goldman Sachs analyst Michael Ng upgraded Mattel Inc MAT to Buy from Neutral with a price target of $31, up from $30, implying a 36.2% upside.
The analyst said Mattel stood out against the macroeconomic volatility by good demand for its television and film content releases.
Mattel's fixed cost leverage, price hikes, and peaking cost inflation should be positive for its margin in the coming two years.
Price Action: MAT shares are trading higher by 3.16% at $23.48 in premarket on the last check Monday.