Analysts: Mattel’s Upside May Be Limited and 3 More Research Notes to Look Over
Mattel Inc. (NASDAQ:MAT): Piper Jaffray downgraded Mattel to Neutral from Overweight, citing valuation following the company’s analyst day; Piper thinks upside to estimates may be limited and lowered its price target for Mattel shares to $46 from $52.
TASER International (NASDAQ:TASR): Craig-Hallum believes TASER is firing on all cylinders and notes that video bookings are up 344 percent year over year and are finally hitting an inflection point; the firm rates TASER shares a Buy and raised the price target on the stock to $25 from $20.
Arrow Electronics (NYSE:ARW): Brean Capital raised its price target on Arrow Electronics based on a stabilized demand environment, improved gross margins and operating leverage, and accretion from its recent acquisition of ComputerLinks. Arrow Electronics shares are Buy rated, and the firm has raised its price target on the stock to $54 from $51.
Hess Corp. (NYSE:HES): Credit Suisse upgraded Hess to Outperform from Neutral to reflect increased net asset value from faster drilling in the Bakken, lower well costs, and increased Utica value; the firm also raised its price target on Hess shares to $100 from $85.