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Wildbrain Ltd
Symbol WILD
Shares Issued 172,587,881
Close 2021-11-12 C$ 4.07
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Globe says Wildbrain growth spending seen slowing

2021-11-12 08:38 ET - In the News

The Globe and Mail reports in its Friday, Nov. 12, edition that BMO Capital Markets analyst Tim Casey has reiterated his "market perform" recommendation for Wildbrain. The Globe's David Leeder writes in the Eye On Equities column that Mr. Casey raised his share target by 50 cents to $4. Analysts on average target the shares at $4.31. Mr. Casey says in a note: "Content revenues were driven by Peanuts activation (consumer products sales) and a recovery of advertising revenues in [Wildbrain Spark]. F22 guidance was reaffirmed, and we believe the company is on track to reach these targets. The company communicated from their Investor Day a focus on driving IP from multiple sources and reviving once beloved brands (Caillou, Peanuts, Teletubbies), but growth spending will slow margin expansion in the near term." The Globe reported on Oct. 7 that Scotia Capital analyst Jeff Fan rated Wildbrain "sector perform." The shares were then worth $3.54. The Globe reported on Oct. 30 that Benchmark analyst Daniel Kurnos had commenced coverage on Wildbrain with a "buy" recommendation, seeing the streaming landscape as an "ideal setup." The shares could then be had for $3.90.

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