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Toy companies get hit by a downgrade from Needham as analyst Sean McGowan warns that the...

Toy companies get hit by a downgrade from Needham as analyst Sean McGowan warns that the potential for negative surprises in the sector outweighs the upside to buying shares in front of the holiday season. Mattel (MAT -1.8%), Hasbro (HAS -0.9%), and Jakks Pacific (JAKK -4.6%) all trade lower after the firm lowers its rating on the trio to Hold from Buy.
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