The Globe and Mail reports in its Friday, Jan. 30, edition that TD Cowen analyst Brian Morrison has an unchanged "buy" recommendation on Spin Master. The Globe's Darcy Keith writes that Mr. Morrison's share target fell by $4 to $26. Analysts on average target the shares at $26.95. Mr. Morrison lowered his financial forecasts for Spin Master in advance of fourth quarter results, concerned that ongoing industry and economic headwinds are continuing to weigh on consumer demand. Mr. Morrison says in a note: "This is likely to limit near-term catalysts to the share price and in turn investor enthusiasm. At current levels there is too much value to downgrade, but we caution Spin is geared currently toward longer-term value investors. ... The high-level industry data for the holiday season appears to illustrate that the uncertain macroeconomic outlook and bifurcation amongst consumers continues to weigh upon North American toy retail sales. This may place incremental pressure upon promotional activity, in addition to a cautious approach toward inventory management by retailers. We expect these trends to persist through H1/26, and mitigate its 2026 growth outlook despite softness in 2025."