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Stock Market & Financial Investment News

News Breaks
February 12, 2013
05:55 EDTMAT, MATMattel management to meet with SunTrust
Meeting to be held in New York on February 13 hosted by SunTrust.
News For MAT From The Last 14 Days
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April 15, 2014
08:10 EDTMATMattel April volatility elevated at 60 into Q1 and outlook
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April 7, 2014
10:00 EDTMATOn The Fly: Analyst Downgrade Summary
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09:10 EDTMATOn The Fly: Pre-market Movers
HIGHER: Questcor (QCOR), up 27% after agreeing to be bought by Mallinckrodt (MNK) for cash, stock valued at $86.10 per Questcor share... Agios Pharmaceuticals (AGIO), up 25% after program shows "promising clinical activity" for advanced blood cancers, shares upgraded at JPMorgan... Vocus (VOCS), up 47% after agreeing to be acquired by GTCR for $446.5M, or $18.00 per share... Pandora (P), up 1.3% following upgrade at Wedbush. LOWER: MannKind (MNKD), down 13% after announcing FDA extension of PDUFA date for Afrezza... American Eagle (AEO), down 2.2% following downgrade at Cowen... Pfizer (PFE), down 2.8% after announcing data for palbociclib in metastatic breast cancer... Mattel (MAT), down 3% following downgrade at BMO Capital... WWE (WWE), down 1.2% after cautious mention in Barron's, company announcing WrestleMania 30 grossed $10.9M.
06:04 EDTMATMattel downgraded to Underperform from Market Perform at BMO Capital
BMO Capital downgraded Mattel citing earnings risk from cyclical declines in Barbie and Hot Wheels, disappointing performance in Max Steel and Ever After High, and deteriorating sales in Monster High. The analyst sees continued deterioration in earnings given weak mature markets, challenges in emerging markets, and lack of sales leverage and cost savings opportunities. Price target lowered to $33 from 40.

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