Mattel Jumps as Analyst Upgrades Stock, Says Dividend Safe
This article is for subscribers only.
Mattel Inc., the toymaker pursuing a comeback under a new chief executive officer, rose the most in almost three years after B. Riley & Co. analyst Linda Bolton Weiser upgraded her rating to a buy.
Even if profit tumbles this year, it’s unlikely that the company will have to cut its $1.52-a-share dividend, Weiser said in a report Monday. She also voiced support for Chris Sinclair, a PepsiCo Inc. executive who was named Mattel’s permanent CEO last week after holding the job on an interim basis since January.