The Globe and Mail reports in its Friday, Oct. 20, edition that TD Securities analyst Brian Morrison has reaffirmed his "buy" recommendation for Spin Master. The Globe's David Leeder writes in the Eye On Equities column that Mr. Morrison boosted his share target by a loonie to $51. Analysts on average target the shares at $53.29. Mr. Morrison says in a note: "We believe the holiday season is likely to arrive late this year. As such, we forecast a greater proportion of replenishment/GPS to take place in Q4/23 than in prior years. We do anticipate a strong EBITDA margin performance supported by Paw Patrol Movie distribution revenue, a heightened proportion of digital games/entertainment contributions, and lower y/y freight costs. This should support Spin maintaining its 2023 annual guidance metrics that implies EBITDA of $405-million to $410-million. Spin is one of our preferred names within our consumer discretionary coverage. The addition of M&D [Melissa & Doug], more efficient balance sheet, growth outlook for its digital games segment, growing entertainment properties, and heightened proportion of 'recurring revenue' should, in our view, narrow the valuation discount to its peers."