The Globe and Mail reports in its Friday, May 2, edition that Stifel analyst Martin Landry is maintaining his "buy" recommendation for Spin Master. The Globe's David Leeder writes that Mr. Landry gave his share target a $2 trim to $38. Analysts on average target the shares at $34.43. Mr. Landry says in a note: "Spin Master reported Q1/25 results that were slightly better than our expectations. However, investors focused on the impact of tariffs imposed by the United States on Chinese exports. Despite significant mitigating measures, Spin Master may not be able to fully offset the costs of tariffs, if they remain at current levels of 145 per cent on Chinese exports into the United States. Hence, Spin Master may face margin pressures that are difficult to quantify. This led management to withdraw the annual guidance on revenues and EBITDA margins. Unfortunately, this clouds the outlook near-term and may keep investors on the sideline. However, the competitive landscape could change in favour of well capitalized companies such as Spin Master as smaller competitors, potentially facing a similar financial stress, may have to fold operations." He believes Spin Master is trading at "an appealing entry point."