BMO Capital analyst Tim Casey has maintained their neutral stance on WLDBF stock, giving a Hold rating yesterday.
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Tim Casey has given his Hold rating due to a combination of factors, including mixed operating trends and a transition-heavy outlook. While EBITDA and margins improved and key brands like Strawberry Shortcake and Teletubbies are performing well, overall revenue declined, EPS remained negative, and management is entering a multi-quarter investment phase focused on systems, automation, and organizational redesign.
The company’s balance sheet is in better shape after the Peanuts sale, creating flexibility for growth investments and potential M&A, but free cash flow is expected to be limited in the near term. With industry headwinds from streaming platforms prioritizing cash generation over volume and ongoing cable weakness, Casey sees limited near-term upside and prefers to reassess once new segment reporting and a clearer post-investment cash flow profile emerge.
According to TipRanks, Casey is a 4-star analyst with an average return of 6.3% and a 57.21% success rate. Casey covers the Communication Services sector, focusing on stocks such as BCE, Cineplex, and Quebecor.
In another report released yesterday, RBC Capital also maintained a Hold rating on the stock with a C$2.00 price target.