- Piper Jaffray finds it rather unconventional that Mattel (MAT -2%) has signed a consulting agreement with its recently departed CEO.
- The investment firm says the development could create some confusion with Byran Stockton being identified by Mattel insiders and investors as part of the problem not the solution.
- Piper maintains a Neutral rating on Mattel until visibility on risk clears.
- Mattel's SEC 8-K filing on the hiring