Goldman Sachs Downgrades Mattel to Sell Rating
Goldman Sachs has downgraded toy company Mattel (MAT) from neutral to sell with a reduced price target of $12. The downgrade reflects concerns over the company's ability to execute new ventures and generate returns on media investments, adding pressure at a time when shares are already near multi-year lows.
Topics: bearish outlook Goldman Sachs Mattel (MAT) stock downgrade