The Globe and Mail reports in its Friday, Feb. 13, edition that National Bank Financial analyst Maxim Sytchev is sticking with his "sector perform" call for Finning International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev gave his share target a $17 boost to $89. Analysts on average target the shares at $91.50. Mr. Sytchev says in a note: "Operationally, Finning is now a much leaner and efficient entity. Management's focus on cost control and capital velocity has paid off, with SG&A as a percentage of sales inching down by another 10 basis points year-over-year (and an impressive 80 basis points year-over-year for the full year) and capital turnover accelerating to 2.34 times (reaching the targeted 2.3 times to 2.5 times range) from 2.16 times last year. As a result, adjusted ROIC [return on invested capital] has returned to above 19 per cent despite the normalization of new equipment pricing vs. two to three years ago. Going forward, the leaner cost base should also amplify the impact of positive operating leverage in times of growth (enabled by supportive end-market demand in mining and an improved construction backdrop in Canada / LatAm), helping drive incremental margin expansion."