Jefferies raised the firm's price target on Mattel to $19 from $18 and keeps a Buy rating on the shares. The firm is raising its FY26 sales growth estimate to 6.6% year-over-year, from a previous 4.5% and compared to consensus at 6.0%. 2026 upside hinges on two entertainment wildcards - Masters of the Universe and Toy Story 5 - and the firm's scenarios show "neither requires a breakout box office to drive upside," while seeing additional potential upside if either movie outperforms.
