Mattel gains after brokerages raise PT on smaller-than-expected loss
** Toymaker Mattel's MAT.O shares rise 2.7% to $19.25 premarket
** Company reported smaller-than-expected Q1 loss on Tuesday, benefiting from stringent cost management amid lukewarm demand for its toys
** Citigroup lifts PT on company's shares to $26 from $25, while D.A. Davidson raises PT to $27 from $26
** Mattel is not immune to macroeconomic pressures, has a lackluster movie and innovation slate ahead - Jefferies
** Company's Q1 sales came in at $809.5 mln vs est $831.8 mln - LSEG
** Peer Hasbro HAS.O reports smaller-than-expected fall in Q1 sales and tops profit expectation, helped by leaner inventories and steady digital gaming revenue
** 10 of 15 brokerages rate Mattel's shares "buy" or higher, 5 "hold"; median PT $23.17
** As of last close, stock down 0.8% YTD
Reporting by Annett Mary Manoj in Bengaluru
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