0644 ET- Toy maker Spin Master is entering a period where long-absent catalysts may finally reappear, according to TD Cowen analyst Brian Morrison. The analyst says that he expects a "return to historical retail ordering patterns," cleaner inventory and a more compelling product slate that including a stabilizing Melissa & Doug segment. This should position the company to outperform 2Q expectations and build momentum into the crucial 3Q selling season, he says. Morrison notes that investor sentiment has waned after several financial misses, but says visibility in meeting annual guidance is improving as ordering normalizes and core brands collaborate across toys, licensing and digital. With confidence rebuilding and valuation "at historical lows," Morrison believes Spin is set up for renewed interest. He increases the stock's target price to C$27 from C$26. (adriano.marchese@wsj.com)