SNMSF - Spin Master shares upgraded on opportunity ahead

Spin Master Corp. (OTCPK:SNMSF) is at an opportune juncture for investment despite supply chain and inflationary pressures, according to a fresh upgrade from BMO Capital Markets on Monday.  BMO analyst Gerrick Johnson explained that the Canadian toymaker represents a promising opportunity as investors seek safe havens and the toy industry attracts attention amid activist campaigns at peers like Hasbro. “Historically, the toy industry has been viewed as defensive and recession resistant(though not recession proof),” he wrote in an upgrade note. “An economic slowdown and/or inflation may take a bite out of discretionary spending, but we expect the toy industry to feel only a minor impact, as it has in the past.” He added that CEO Max Rangel, who has been in the C-suite for just over a year, has been impressive and engenders faith in the road ahead for the firm.  Johnson surmised that the Rubik's cube manufacturer is ripe

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Spin Master shares upgraded on opportunity ahead