Finning International Price Target Raised to $66 at CIBC

MT Newswires Live

Jul 03

CIBC Capital Markets raised its price target on Finning International Inc. (FTT.TO) to $66 from $50.

Analyst Krista Friesen maintained an Outperformer rating on shares of the Canadian industrial equipment dealer.

She resumed coverage of FTT following the closing of the sale of its 4Refuel business.

"We expect FTT to deploy the funds from the divestitures in line with the capital allocation priorities outlined at its 2023 Investor Day (organic growth, share buybacks), while at the same time maintaining a flexible balance sheet," Friesen said in a note to clients.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FINGF","symbol_name":"Finning International Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2548801482","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548801482","pubTimestamp":1751544406,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"CIBC Capital Markets raised its price target on Finning International Inc. 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(FTT.TO) to $66 from $50.Analyst Krista Friesen maintained an Outperformer rating on shares of the Canadian industrial equipment dealer.She resumed coverage of FTT following the closing of the sale of its 4Refuel business.\"We expect FTT to deploy the funds from the divestitures in line with the capital allocation priorities outlined at its 2023 Investor Day (organic growth, share buybacks), while at the same time maintaining a flexible balance sheet,\" Friesen said in a note to clients.(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}