The Globe and Mail reports in its Wednesday edition that National Bank analyst Adam Shine has reaffirmed his "sector perform" recommendation for Wildbrain. The Globe's David Leeder writes that Mr. Shine gave his share target a 25-cent trim to $2. Analysts on average target the shares at $2.58. Mr. Shine sees Wildbrain poised for significant changes, including a "re-segmentation" of its business operations, following the sale of its remaining 41-per-cent interest in the Peanuts franchise to Sony for $630-million. Mr. Shine says in a note: "As Wildbrain prepares for its next chapter, we estimate Peanuts accounted for 92 per cent of global licencing in fiscal 2025, 53 per cent of total revenues ex-TV, and 63 per cent of Adj. EBITDA ex-TV. Revenues in f2026 ex-TV were guided at midpoint to grow $85-million and Adj. EBITDA $13-million, with boost from Apple-related Peanuts library deal in Q2. ... Peanuts contributed $27-million of EBITDA directly to Wildbrain in f2025 but $43-million including consolidated benefits. Interest savings of $50-million from sale more than doubles LTM FCF from brand. ... We believe the sale of Peanuts provides the company with enhanced financial flexibility to pursue its next phase of growth."