BMO Capital analyst Tamy Chen maintained a Buy rating on Linamar yesterday and set a price target of C$80.00.
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Tamy Chen has given his Buy rating due to a combination of factors that highlight Linamar’s strong performance and strategic positioning in the market. The company’s Mobility segment showed robust margins, which were a key driver in the positive outlook despite some conservative guidance for 2026. This conservative approach is seen as a prudent measure, considering the stronger-than-expected volumes in the current year, which might not be sustained.
Additionally, Linamar’s Skyjack division significantly outperformed the industry, with notable volume increases in North America, particularly in scissor lifts. This performance, coupled with operational efficiency improvements and contributions from new product launches, supports a favorable view of the company’s future prospects. Furthermore, Linamar’s active share buyback program and compelling valuation compared to peers like MGA and MRE add to the attractiveness of the stock, reinforcing the Buy recommendation.
LIMAF’s price has also changed dramatically for the past six months – from $37.872 to $53.305, which is a 40.75% increase.