WildBrain downgraded to Hold from Speculative Buy at Canaccord

Canaccord downgraded WildBrain to Hold from Speculative Buy with a price target of C$1, down from C$2, following “light” Q3 results. With no meaningful update on non-core asset sales, and little disclosure around plans to redeem its convertible debenture, the firm sees “significant balance sheet risk at this point,” the analyst tells investors.