Piper Jaffray analyst Erinn Murphy raised his price target for Funko to $18 following yesterday's announcement of a Fortnite partnership hitting Holiday 2018 across 10 product styles. This follows last week's announcement of Funko and Pokemon teaming up - starting with exclusive Pop! Pikachu at Target, Murphy tells investors in a research note. Her analysis indicates these properties could lift the company's annualized base EBIT by 5%, equating to 4c in earnings per share. Murphy believes the recent license wins support Funko's "pop culture dominance." She keeps an Overweight rating on the shares.