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Argus downgrades Mattel

Apr. 28, 2017 11:02 AM ETMattel, Inc. (MAT) StockMATBy: Clark Schultz, SA News Editor6 Comments
  • Argus loses faith Mattel (MAT -1.1%) can recover revenue as it downgrades the toy stock to Hold from Buy.
  • Analyst John Staszak thinks a recovery will take several quarters.
  • Mattel reported sales drop for the Mattel girls/boys, Fisher Price, American Girl and construction/arts/crafts segments in Q1.
  • Shares of Mattel are down 28.7% over the last 52 weeks.

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