Maxim keeps a Buy rating and $46 price target on Jakks Pacific after the firm hosting an investor meeting with the company CFO John Kimble. Maxim maintains its “bullish view”, saying the company is well-positioned in the $28B toys market due to its unique market positioning, strong balance sheet, and attractive valuation, the analyst tells investors in a research note. The stock also trades at a 6.8-times expected forward earnings multiple, which is a discount to the 13.1-times peer median, Maxim added.
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