The Globe and Mail reports in its Thursday, Oct. 30, edition that RBC Dominion Securities analyst Drew McReynolds has reaffirmed his "outperform" recommendation for Spin Master. The Globe's David Leeder writes in the Eye On Equities column that Mr. McReynolds lowered his share target to $29 from $30. Analysts on average target the shares at $28.75. Mr. McReynolds says in a note: "For Spin Master, we expect a very challenging Q3/25 given the tariff-induced change in U.S. retailer order patterns from FOB to domestic, which had the effect of deferring orders in what is typically the seasonally strongest quarter for Spin Master. While such a deferral would imply a stronger Q4/25, the flow-through impact of higher toy prices on consumer spending due to tariffs has yet to be fully understood. On a positive note, both Mattel and Hasbro reiterated/increased 2025 guidance on the back of strong retailer demand exiting Q3/25 and early in Q4/25 against the backdrop of relatively low inventory levels." The Globe reported on Nov. 1, 2024, and April 30, 2025, that Mr. McReynolds rated Spin Master "outperform." The shares were then worth $30.74 and $24.38.