BMO Capital analyst John Gibson CFA upgraded the rating on NFI Group Inc to a Buy today, setting a price target of C$23.00.
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John Gibson CFA has given his Buy rating due to a combination of factors that indicate a positive outlook for NFI Group Inc. The company is expected to experience an earnings inflection point in the latter half of 2025 and into 2026, as issues with seat suppliers begin to resolve. This improvement is anticipated to bring NFI closer to its historical valuation range, enhancing its attractiveness to investors.
Additionally, despite some anticipated turbulence in the upcoming quarterly results due to restructuring costs and ongoing seat supplier challenges, the overall market dynamics and NFI’s strong backlog suggest a favorable trajectory. The recent contract wins and debt refinancing further bolster the company’s position, supporting the increased target price and the upgraded rating to Outperform.
Gibson CFA covers the Energy sector, focusing on stocks such as North American Construction Group, Precision Drilling, and CES Energy Solutions. According to TipRanks, Gibson CFA has an average return of 20.5% and a 61.32% success rate on recommended stocks.
In another report released on July 8, CIBC also maintained a Buy rating on the stock with a C$22.00 price target.