Vivian D. Labbe
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Vivian D. Labbe in Mergers & Acquisitions,

Why Mattel Is Unlikely To Be A Takeover Target

D.A. Davidson said in a recent note it doubts Mattel, Inc. MAT could be a take-out candidate. The firm noted that the company's shares traded up 11 percent Monday on investor belief that it could be sold or broken up.

As such, the firm reiterated its Underperform rating on the shares of the company, with a 12-18-month price target of $12.

At the time of writing, Mattel shares were sliding 9.44 percent to $14.11 after rising over 11 percent the day before.

Analysts Linda Bolton Weiser and Daniel Stauder said Mattel, though having some valuable consumer products, is not an "IP powerhouse." Read more

A breakout of the falling channel is possible. Some upside can be formed.