The Globe and Mail reports in its Thursday, Jan. 15, edition that National Bank Financial analyst Adam Shine, expecting "weak consumer confidence and elevated promotions" to weigh on its fourth quarter results, cut his Spin Master share target to $25 from $27 with an unchanged "outperform" rating. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $28.20. Mr. Shine says in a note: "Spin Master noted last month that overall industry point-of-sale in the company's total addressable market across the G11 markets per Circana was incrementally worse in November compared to October, with total POS for the two months at down 5 per cent driven by negative 8 per cent in the United States and up 2 per cent in the other 10 countries. We likely won't get December data until late in January, but we don't believe there was any improvement on these metrics as the University of Michigan Consumer Sentiment survey showed a 1.4-per-cent month-over-month decline in December on current economic conditions which reflected a 33 per cent year-over-year drop. In an effort to stimulate holiday sales, promotional activity stepped up more than anticipated."