The Globe and Mail reports in its Friday, Aug. 8, edition that Scotia Capital analyst Jonathan Goldman is sticking with his "sector outperform" recommendation for Finning International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Goldman gave his share target a $1 trim to $64. Analysts on average target the shares at $65.33. Mr. Goldman says in a note: "We're not sure how much to read into the negative share price reaction, which may have been impacted by noisy disclosures showing a headline miss -- when in fact, results were in line and depressed by higher LTIP. Based on inbounds we got pre-q, there may also be some profit-taking with Finning shares up 60 per cent year-to-date and in uncharted territory. We felt people were fishing on the call for reasons to explain the sell-off, which we think is overdone. The facts on the ground suggest we are still in the early stages of an earnings upcycle. In Canada, oil sands customers are spending again while construction remains at trough. Activity/investment levels in South America remain robust while technician hiring continues (including 100 in Q2 and plan for 1,000 total). That may slightly dampen margins as technicians ramp to productive capacity."