The Globe and Mail reports in its Friday, Nov. 14, edition that Scotia Capital analyst Jonathan Goldman has reaffirmed his "sector outperform" recommendation for Finning International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Goldman's share target soared $14 to $85. Analysts on average target the shares at $83.78. Mr. Goldman says in a note: "1) In the near-term (2025-2026), we see upside from continued traction on cost initiatives, but mix, namely more mining product support vs. construction, could hold back operating leverage; 2) in the medium-term (2026-2027), we see potential to reaccelerate PS growth toward IR Day targets of more than 7 per cent underpinned by growing installed base, higher utilization rates, and increasing share/share of wallet (e.g., selling more labour vs. replacement parts); and 3) further out (2027 and beyond), the company could participate in data centre build-out in Canada with its backup power offerings. CAT C175 diesel generator sets have a 4 MW capacity for instance. ... Management noted strong order intake, particularly in Canada, up 140 per cent year-over-year, including several large mining orders. Construction backlog was up 70 per cent year-over-year."
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