UPDATE: Piper Jaffray Downgrades Mattel Following Company Analyst Day
October 31, 2013 at 09:10 AM EDT
In a report published Thursday, Piper Jaffray analyst Stephanie S. Wissink downgraded the rating on Mattel (NASDAQ: MAT ) from Overweight to Neutral, and lowered the price target from $52.00 to $46.00. In the report, Piper Jaffray noted, “We are downgrading our rating to Neutral following the company's analyst day,