Mattel (MAT) stock target reduced due to Barbie sales decline

AI Summary

JPMorgan has issued a report reducing the stock price target for Mattel (MAT) amid concerns over Barbie sales performance. The specific new target has not been disclosed in the article, but the reduction highlights weakness in this key product line. Sales of Barbie items have recently shown a decline, which could negatively impact Mattel's overall revenue. This adjustment in price target might influence investor sentiment and trading volumes for Mattel stock moving forward.