WildBrain price target lowered to C$3 from C$4 at Benchmark

Benchmark analyst Daniel Kurnos lowered the firm’s price target on WildBrain to C$3 from C$4 and keeps a Buy rating on the shares after the company reported “disappointing” fiscal Q2 results on Thursday. Ongoing headwinds in content greenlighting throughout the media industry, inclusive of several new major movie delays, again weighed on the company’s production and distribution business, as has been the case for several quarters now, the analyst tells investors.