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Fly News Breaks for July 12, 2018
FNKO
Jul 12, 2018 | 09:28 EDT
BofA/Merrill analyst Rafe Jadrosich raised Buy rated Funko's price target to $17 from $13 following checks that indicate strong revenue momentum carried into Q2 and raised its 2019 earnings estimate to 88c from 84c. Jadrosich said Google search trends hit an all time high the week before Funko reached the peak search week of Comi-Con in San Dieago, Funko has more products year-to-date in the monthly top 10 toys, and its largest suppliers's revenues accelerated from 1H 2017.
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