Analysts: Mattel Staples Are Facing Cyclical Downturns and 3 More Research Notes to Explore

Mattel (NASDAQ:MAT): BMO Capital downgraded Mattel to Market Perform from Outperform, due to valuation. BMO also believes that Barbie and Hot Wheels are in the early stages of a cyclical downturn, and that Monster High has reached an inflection point. The firm said the toy industry continues to struggle, pointing to macro challenges, and set a price target on Mattel of $46, down from $50.