Mattel’s Earnings Estimates Cut at UBS, Maintains “Buy” Rating (MAT)

Filed in dividend, earnings, Gold, Gold Investing, shares, ubs by on May 12, 2010 0 Comments

Toymaker Mattel, Inc. ( MAT ) saw its earnings estimates lowered on Wednesday by analysts at UBS. The firm said it cut its earnings estimates for MAT through 2011, citing higher input costs, as well as currency pressures. Still, UBS maintained its “Buy” rating an $30 price target on the stock, which had closed at $22.82 on Tuesday. Mattel shares were mostly flat in premarket trading Wednesday. The Bottom Line We have been recommending shares of MAT since Sept.2, when the stock was trading at $17.61. The company has a 3.29% dividend yield, based on last night’s closing stock price of $22.82. Mattel, Inc. ( MAT ) is a “recommended” dividend stock, holding a DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Mattel’s Earnings Estimates Cut at UBS, Maintains “Buy” Rating (MAT)

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