The Globe and Mail reports in its Thursday edition that TD Cowen's Cherilyn Radbourne warns the short-term environment for Canadian heavy equipment dealers "remains dynamic," leading her to be "somewhat cautious" on the fourth quarter of 2025. The Globe's David Leeder writes that she believes the group's medium- to long-term earnings prospects are improving. Ms. Radbourne has reaffirmed her "buy" call for Finning International. Ms. Radbourne gave her share target a $12 boost to $100. Analysts on average target the shares at $88.67. Ms. Radbourne says in a note: "We have trimmed our Q4/25 EPS estimate for Finning to $1.05 vs. $1.10 previously, to reflect higher stock-based compensation (the share-price was up 15 per cent in Q4/25) and to better recognize that Q3/25 EBIT in Canada included an unusually high JV earnings contribution of $6-million. We have also increased our valuation multiple to 18.5 times vs. 17 times. Our revised estimate is 2 per cent below consensus of $1.07." The Globe reported on April 25 and Oct. 2 that Ms. Radbourne continued to rate Finning "buy." It was then worth $39.81 and $69.26. The Globe reported on Dec. 16 that National Bank rated Finning "sector perform." It was then worth $75.13.