Finning International Price Target Raised to $67 at RBC

MT Newswires Live

Aug 07

RBC Capital Markets raised its price target on Finning International Inc. (FTT.TO) to $67 from $61 on Thursday.

Analyst Sabahat Khan maintained an Outperform rating on shares of the Canadian industrial equipment dealer following its quarterly results.

"While headline Q2 results were below consensus estimates, adjusted EBIT/EPS were above consensus when incl. 4Refuel/Comtech contributions and excluding the higher YoY LTIP expense," Khan said in a note to clients.

"Looking ahead, we believe the setup remains positive, underpinned by a record backlog exiting Q2 and strong trends within Product Support," the analyst said.

(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":"2557634935","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557634935","pubTimestamp":1754569473,"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":"RBC Capital Markets raised its price target on Finning International Inc. 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(FTT.TO) to $67 from $61 on Thursday.Analyst Sabahat Khan maintained an Outperform rating on shares of the Canadian industrial equipment dealer following its quarterly results.\"While headline Q2 results were below consensus estimates, adjusted EBIT/EPS were above consensus when incl. 4Refuel/Comtech contributions and excluding the higher YoY LTIP expense,\" Khan said in a note to clients.\"Looking ahead, we believe the setup remains positive, underpinned by a record backlog exiting Q2 and strong trends within Product Support,\" the analyst said.(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. 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