JAKKS Pacific "buy"

06/07/07 - Morgan Joseph & Co

NEW YORK, June 7 (newratings.com) - Analyst Jeffery Blaeser of Morgan Joseph maintains his "buy" rating on JAKKS Pacific Inc (JAKK). The target price is set to $29.

In a research note published this morning, the analyst mentions that the company holds exclusive US rights to action figures, play sets, accessories and other products at the Pokemon boutique, which will remain open until July 5. Contribution from JAKKS Pacific’s new Pokémon license is likely to be the highest among the company’s categories, if JAKKS toy sales are as robust as those of Pokémon Diamond and Pokémon Pearl, the analyst says. The market acceptance of the Hannah Montana product line is high and the contribution from this toy license to the company’s top-line is likely to increase substantially over the next two-to-three years, Morgan Joseph adds.