Our Business News

Business articles & tips that will guide you.

Facebook
RSS

NEW YORK Toymakers Mattel Inc. , Hasbro Inc. and Jakks Pacific Inc. were downgraded to hold from buy by Needham on Wednesday. Analyst Sean McGowan cited macro concerns he had over weak retail toy sales in the U.S., continued economic weakness in Europe and the potential that consumers will be “distracted” by U.S. presidential election, all resulting in weak retail sales in October and early November. “We now see the potential for negative surprise on holiday sales as greater than the potential for positive surprises,” McGowan said. Mattel fell 1.8%. Hasbro dropped 1.3%. Jakks Pacific declined 4.7%.

You must be logged in to post a comment.

8 Major Mistakes Mad

It is mandated by law, but many drivers still neglect ...

8 Things to Stop Spe

Why are you broke all the time? You have a ...

How to Make Presenta

Slideshow can be a powerful marketing tool that is capable ...

How to Create Amazin

Infographics are a combination of text, analysis, and graphics, perfect ...

Measuring the ROI of

Washington State University