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Fly News Breaks for January 14, 2019
WMT, FNKO
Jan 14, 2019 | 06:49 EDT
After traveling with management, Piper Jaffray analyst Erinn Murphy keeps an Overweight rating on Funko (FNKO) with a $21 price target. The analyst continues to believe Funko is a "unique" small-cap growth story benefiting from its "superior" fast-turn business model in an "ever-expanding content-rich space." Murphy sees opportunity for Q4 revenue upside as Walmart (WMT) likely reverses from a negative low single digit percent headwind through October to a positive low single digit tailwind. She views Funko's valuation at current share levels.
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