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.

3 Best and Cost Effe

Your daughter wants it all – shoes, clothes, the latest ...

The Top Four Automot

If you have a love for automobiles, you may wish ...

The Lowdown on Car S

Car sharing is a term that has sprung up a ...

Simple Guide to Mova

Movavi Slideshow Maker is an easy to use and full ...

Which Areas of Techn

When you have funds to invest in your business, it ...