Funko shares are trading lower after Stifel maintained a Hold rating on the stock and lowered its price target from $11 to $9.
Portfolio Pulse from Benzinga Newsdesk
Funko's stock is trading lower after Stifel maintained a Hold rating on the stock and lowered its price target from $11 to $9.
July 20, 2023 | 4:17 pm
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NEGATIVE IMPACT
Funko's stock price is expected to be negatively impacted in the short term due to Stifel's lowered price target and maintained Hold rating.
Stifel's decision to maintain a Hold rating and lower the price target for Funko's stock indicates a lack of confidence in the company's short-term performance. This is likely to discourage investors, leading to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100