The Globe and Mail reports in its Friday, Feb. 9, edition that National Bank analyst Maxim Sytchev has elevated his recommendation for Finning International to "outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev is sticking with his $46 share target. Analysts on average target the shares at $46.89. Finning shares have been slipping of late and, as a result, Mr. Sytchev says a "tactical upgrade makes sense at this trading level." Mr. Sytchev says: "Shares of Finning are now getting close to oversold levels. ... Historically they don't stay there for long, unless we are upon material negative earnings revisions which does not seem to the be case." Mr. Sytchev sees the downturn in share value as a "short-term disappointment" that will not last. Mr. Sytchev points out that Finning is a "structurally higher earnings per share/free cash flow-generative entity" than in the past. He says in a note: "In the short-term, we don't see EPS collapsing, so a rerate on static EPS is likely, presenting a trading opportunity in our view. While we are calling the upgrade 'tactical,' we want to have an open mind as new info comes in around commodity pricing, cycling duration."