Texas Capital analyst Eric Wold raised the firm’s price target on Funko (FNKO) to $6.50 from $6 and keeps a Buy rating on the shares. The firm believe AEBITDA comparisons to the year-ago quarters improving throughout the year will put the company in a stronger position to refinance debt and “remove a valuation overhang from the shares,” the analyst tells investors in a post-earnings note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNKO: