So for today's increase, you can chalk it up to BMO. GLTA
11:54 AM EDT, 04/25/2022 (MT Newswires) -- Spin Master Corp. (TOY.TO) shares rose more than 3% in Monday trading on the Toronto Stock Exchange.
BMO Capital Markets analyst Gerrick Johnson upgraded the Canadian toy and entertainment company to Outperform from Market Perform, and raised his target price to $64 from $50.
"We are a year into Max Rangel's CEO tenure and have been impressed with stewardship, performance, and execution," Johnson said in a note to clients.
"TOY has fixed its supply-chain issues, which had been a drag on profitability well before pandemic-induced global supply-chain issues were the norm," the analyst said.
"TOY's digital entertainment business continues to perform very well, and we anticipate positive investor reaction when it provides new, more detailed segment disclosures upon 1Q reporting (5/4)," he said.