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.


Chipotle (NYSE:CMG): Piper Jaffray raised its estimates and price target to $450 from $360 for Chipotle, following the company’s better-than-expected second quarter results, and maintains an Overweight rating on the stock. The firm also remains confident in the company’s long-term growth profile.


Advanced Micro Devices (NYSE:AMD): Challenging profitability following AMD’s better-than-expected second quarter report has led Credit Suisse to downgrade the firm’s shares to Underperform from Neutral. Credit Suisse noted that although bullish scenarios put operating margins at 20 percent, it sees them as being closer to 10 percent. The price target has been raised to $3 from $2.50.


Western Digital (NYSE:WDC): Citigroup has upgraded Western Digital to Neutral from Sell, based on better-than-expected structural improvement in industry profitability. The firm also increased its price target on Western shares to $77 from $37.


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