JAKKS Revises 2016 Guidance to Reflect 7% Decline in Net Sales

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Stifel Cuts Price Target on JAKKS Pacific (JAKK) Following 2016 Pre-Announcement

December 19, 2016 9:43 AM EST

Stifel maintained a Hold rating on JAKKS Pacific (NASDAQ: JAKK), and cut the price target to $7.00 (from $8.00), following the company's pre-announced 2016 results. The company is now projecting EPS of $0.01-$0.05 (vs. $0.56 previously), adj. EBITDA of $37 million (vs. $53 million previously), and revenue of $700 million (vs. $755 million... More