The Globe and Mail reports in its Wednesday, Oct. 4, edition that Raymond James analyst Steve Hansen has an unchanged "outperform" recommendation on Finning International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hansen hiked his share target to $52 from $50. Analysts on average target the shares at $48.78. Mr. Hansen says in a note: "Until recently, Finning shares have traded in a longstanding cyclical range that's led many investors to conclude it's nothing more than a 'trading stock'. While helpful in the past, we believe this view is now fundamentally outdated, failing to acknowledge: 1) impactful cost control and capital discipline implemented by (new) management in recent years; 2) the emergence of robust secular themes in high-return sectors (energy/mining) providing longer-term visibility; 3) evolutionary advances in CAT's ultra-class truck technology (AC Drive, autonomy) that, in our view, afford Finning lucrative share opportunities; 4) demonstrable advances in Finning's win rate, backlog complexion, and return profile (margins, ROIC); and 5) lastly, the welcome adoption of shareholder friendly capital allocation policies (including buybacks)."