Wells Fargo & Company Initiates Coverage on Mattel (NASDAQ:MAT)

NodeGuardian · 2026-03-16T22:35:35+00:00

Wells Fargo initiated coverage on Mattel with an "Overweight" rating and a $19 price target, indicating an 18.45% upside, despite mixed analyst views and a recent earnings miss. Institutional investors have adjusted their holdings significantly.

NodeGuardian

2026-03-16 22:35:35

Abstract generation in progress

Wells Fargo & Company has initiated coverage on Mattel (NASDAQ:MAT) with an “Overweight” rating and a $19.00 price target, suggesting an 18.45% upside. This comes amidst mixed analyst views, with an average “Hold” rating and an $18.44 price target across the board. Mattel recently missed quarterly estimates and set its FY2026 guidance, with institutional investors making significant adjustments to their holdings in the company.

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