The Globe and Mail reports in its Saturday, May 6, edition that Stifel analyst Martin Landry has reiterated his "buy" recommendation for Spin Master. The Globe's David Leeder writes in the Eye On Equities column that Mr. Landry hiked his share target ahead by a loonie to $50. Analysts on average target the shares at $49.11. Mr. Landry says in a note: "Spin Master continues to have the strongest balance sheet within the Canadian consumer sector with a net cash balance of $569-million and available liquidity of over $1 billion. The company also generates healthy free cash flow, creating significant optionality for management to act on M&A or return capital to shareholders through its NCIB or a dividend reinvestment program, which will be introduced in Q2/23. In our view, the strength of Spin Master's balance sheet is not fully captured in its valuation currently." The Globe reported on Jan. 17 and March 13 that Mr. Landry continued to rate Spin Master "buy." In the first item Mr. Landry said, "Absent an acquisition, we see limited near-term catalysts to move the shares higher." It was then worth $34 and $36.36.