Analyst Downgrades Leading Toy Stocks — Bah, Humbug!
Filed under: Company News, Mattel, Shopping
In the timeless holiday classic Rudolph the Red-Nosed Reindeer, forgotten playthings are eventually rescued from the Island of Misfit Toys.
This Christmas, we may be seeing companies banished to the island of misfit toymakers.
Needham analyst Sean McGowan downgraded shares of Mattel (MAT), Hasbro (HAS), and JAKKS Pacific (JAKK) on Wednesday.
Obviously, an analyst doesn’t single out practically an entire industry — in this case moving them all from “buy” to “hold” — unless there’s a larger…
Analyst Downgrades Leading Toy Stocks — Bah, Humbug! originally appeared on DailyFinance.com on 2012-09-20T11:00:00Z.
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