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Mattel (MAT) Stock Price Target Raised at MKM

NEW YORK (TheStreet) -- Mattel's (MAT - Get Report) price target was raised to $33 from $26 at MKM Partners on Tuesday. The firm maintained its "neutral" rating on the stock.

The toy company has made several improvements to its Barbie and Fisher Price products, MKM said.

"While we still have concerns about growth this year due to ongoing FX headwinds and the loss of Disney Princess, management appears to be on the right path to bring greater creativity and innovation to toy aisles in 2017 with its core brands and licensed properties," the firm added.

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