PLBY Group, Inc. (PLBY) PT Raised to $1.50 at Jefferies

Jefferies analyst James Heaney raised the price target on PLBY Group, Inc. (NASDAQ: PLBY) to $1.50 (from $1.45) while maintaining a Hold rating.

The analyst comments "PLBY licensing revenue grew +61% y/y in the Q with the increase primarily due to $5m in minimum guaranteed royalties. PLBY also posted its third consecutive quarter of Adj. EBITDA improvement. The company's balance sheet is in a much healthier place, and strong early momentum in growth initiatives sets a strong foundation to accelerate growth. Solid results; Raise PT to $1.50."

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