Toy manufacturer Mattel (MAT) aims to significantly expand its entertainment sector: Jefferies sees 55% upside potential after the numbers.

The stock of Mattel (MAT) has been moving sideways for half a year since the impulse in July. Now a next upward movement could start. Mattel is a leading global toy company and one of the most recognized brands in the industry. Brands include, among others, Barbie, Hot Wheels, and Fisher-Price. The company released its quarterly numbers on Tuesday evening (February 4th). Hot Wheels achieved its seventh record year in a row (+17% in Q4), driven by the introduction of Formula 1 partnerships and premium collections. In the action figures category,...