Jakks Pacific price target raised to $41 from $37 at B. Riley

B. Riley raised the firm’s price target on Jakks Pacific (JAKK) to $41 from $37 and keeps a Buy rating on the shares. The company’s Q3 results came in slightly ahead of net sales expectations, but meaningfully above adjusted EBITDA estimates on stronger than expected gross margins and a timing shift of marketing spend into the more-important holiday shopping season, the analyst tells investors in a research note. The firm increased estimates.