Citigroup: Upgrade Mattel Inc (09992.HK) target price to 308 Hong Kong dollars, reiterates "buy" rating.

According to the Wisdom Finance APP, Citi released a research report stating that Pop Mart (09992.HK) has a significant increase in global recognition of its iconic IP, and has successfully launched new products. The bank raised its profit forecast for the group from 2025 to 2027 by 38% to 49%, expecting a year-on-year increase in net profit of 124% and 40% for the current and next year respectively. It reaffirmed the group's "buy" rating and significantly raised the target price from 162 Hong Kong dollars to 308 Hong Kong dollars.