UBS Reaffirms Buy Rating on Mattel (MAT) Amid CFO Transition

Mattel, Inc. (NASDAQ:MAT) is one of the 12 best consumer goods stocks billionaires are quietly buying. On June 16, UBS maintained its Buy rating and $29 price target for Mattel Inc. following a meeting with the company’s new CFO, Paul Ruh. The firm praised Ruh’s strong background in consumer packaged goods, especially in areas like cost control and financial discipline. However, it noted his limited exposure to intellectual property-driven businesses like toys.

UBS expressed confidence in Mattel’s continued strategic direction, citing Ruh’s steady approach to capital allocation and cost management. The company’s guidance practices will remain unchanged, sticking to annual forecasts. Ruh’s prior experience with IPOs and corporate turnarounds was highlighted as a valuable asset for navigating Mattel’s evolving landscape.

Mattel, Inc. (NASDAQ:MAT) is a leading consumer goods company operating globally, known for designing, manufacturing, and marketing iconic toys and entertainment products under brands like Barbie, Hot Wheels, Fisher-Price, American Girl, and more. With a broad portfolio that includes dolls, vehicles, games, digital content, and licensed merchandise from major partners like Disney and WWE, Mattel distributes its products through retail stores, e-commerce, and licensing channels worldwide. As its offerings are purchased directly by consumers for leisure and lifestyle, Mattel is classified as a consumer discretionary stock within the consumer goods sector, driven by branding, innovation, and seasonal demand.

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Disclosure: None. This article is originally published at Insider Monkey.