Funko price target lowered to $8 from $9 at Stifel

Stifel analyst Drew Crum lowered the firm’s price target on Funko to $8 from $9 and keeps a Hold rating on the shares. Funko Q2 results were mixed relative to expectations and the firm would characterize the Q2 update as “generally underwhelming,” the analyst tells investors. The firm assumes fundamentals will improve in the second half, but comps stay negative, the analyst added.