Finning International's Stock Could Break a Long-Time Ceiling -- Market Talk
Dow Jones
May 14
1422 ET - Finning International, the world's largest Caterpillar dealer, may finally have what it takes to break through the C$50-a-share wall that has plagued the stock, according to National Bank of Canada's Maxim Sytchev in a report. Shares are up 11% at C$47.01, and the analyst thinks that its current performance, including strength in South America, a strong and resilient backlog, as well productivity improvements, will all factor into continued upward momentum. National Bank increases its price target to C$53 from C$48, thanks also to a 1Q beat, a dividend bump and strong cash flow. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 14:22 ET (18:22 GMT)
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