Funko price target raised to $11 from $10 at B. Riley

B. Riley raised the firm’s price target on Funko to $11 from $10 and keeps a Buy rating on the shares. The company reported Q1 results that came in below consensus expectations for net sales but meaningfully above expectations and adjusted EBITDA, files to sell common stock, no amount giventhe analyst tells investors in a research note. The firm believes early signs of the direct-to-consumer and Pop! Yourself flywheels are becoming evident.